# 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

> CFTC release 6567-13 · 2013-04-16 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6567-13, "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", 2013-04-16. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/cftc-action/6567-13.

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