Federal Court Orders Louis J. Giddens, Jr., Anthony W. Dutton, and Michael Gomez to Pay Combined Restitution and Penalties of over $400,000 for Foreign Exchange Currency Scheme Other enforcement

CFTC release 6753-13 · 2013-10-30 · view on cftc.gov ↗

Key facts

Release number: 6753-13
Release date: 2013-10-30
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6753-13

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.