# Velocity Futures, LLC Agrees to Pay a $300,000 Penalty to Settle Charges that It Failed to Comply with Its Minimum Financial Requirements

> CFTC release 6674-13 · 2013-08-27 · **Settlement** · ENFORCEMENT

## Key facts

- **Release number:** 6674-13
- **Release date:** 2013-08-27
- **Type:** Settlement
- **Title:** Velocity Futures, LLC Agrees to Pay a $300,000 Penalty to Settle Charges that It Failed to Comply with Its Minimum Financial Requirements
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6674-13

## 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 6674-13, "Velocity Futures, LLC Agrees to Pay a $300,000 Penalty to Settle Charges that It Failed to Comply with Its Minimum Financial Requirements", 2013-08-27. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/cftc-action/6674-13.

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