Federal Court in Maryland Orders Sidney J. Charles, Jr. and his Company, The Borrowing Station, LLC, to pay over $600,000 to Settle CFTC Forex Fraud Action Fraud

CFTC release 6676-13 · 2013-08-27 · view on cftc.gov ↗

Key facts

Release number: 6676-13
Release date: 2013-08-27
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6676-13

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.