Federal Court in California Orders Thomas B. Breen, a Principal of National Equity Holdings, Inc., to Pay $1.75 million to Settle Fraud Charges in CFTC Action Fraud

CFTC release 6770-13 · 2013-11-14 · view on cftc.gov ↗

Key facts

Release number: 6770-13
Release date: 2013-11-14
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6770-13

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.