Federal Court in California Orders National Equity Holdings, Inc. and Its Principal, Robert J. Cannone, to Pay over $3.6 Million to Settle Fraud Charges in CFTC Action Fraud

CFTC release 6567-13 · 2013-04-16 · view on cftc.gov ↗

Key facts

Release number: 6567-13
Release date: 2013-04-16
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6567-13

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.