Federal Court Orders Spencer Montgomery, Brian Reynolds, Arjent Capital Markets LLC, and Chicago Trading Managers LLC to Pay More than $1.8 Million for Commodity Pool Fraud Fraud

CFTC release 6589-13 · 2013-05-17 · view on cftc.gov ↗

Key facts

Release number: 6589-13
Release date: 2013-05-17
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6589-13

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.