Federal Court Orders California Defendants CTI Group, LLC, Cooper Trading, Stephen Craig Symons, and James David Kline to Pay Over $29 Million in Disgorgement and Fines for Fraudulent Sale of Automated Trading Systems Fraud

CFTC release 6839-14 · 2014-01-25 · view on cftc.gov ↗

Key facts

Release number: 6839-14
Release date: 2014-01-25
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6839-14

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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.