Federal Court in New York Orders Defendant David M. Nunn to Pay a $600,000 Civil Monetary Penalty for Engaging in an Illegal Coffee Futures Trading Scheme and Making False Statements to ICE Futures U.S. Other enforcement

CFTC release 6798-13 · 2013-12-20 · view on cftc.gov ↗

Key facts

Release number: 6798-13
Release date: 2013-12-20
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6798-13

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.