Federal Court Orders Two Florida Men and Their Companies to Pay More than $3.3 Million in Restitution and Penalties to Settle Charges Stemming from Role in Illegal, Off-Exchange Precious Metals Transactions Settlement

CFTC release 6903-14 · 2014-04-01 · view on cftc.gov ↗

Key facts

Release number: 6903-14
Release date: 2014-04-01
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6903-14

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.