CFTC Obtains Permanent Injunction Orders and Monetary Sanctions against Susan G. Davis, David E. Howard II, and Joseph Burgos for Fraudulent Solicitation of Managed Foreign Currency Trading Accounts Fraud

CFTC release 6868-14 · 2014-03-01 · view on cftc.gov ↗

Key facts

Release number: 6868-14
Release date: 2014-03-01
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6868-14

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.