CFTC Orders California, Florida, and Nevada Companies and Their Owners to Pay More than $940,000 in Restitution to Defrauded Customers for Offering Illegal, Off-Exchange Precious Metals Transactions Other enforcement

CFTC release 6909-14 · 2014-04-09 · view on cftc.gov ↗

Key facts

Release number: 6909-14
Release date: 2014-04-09
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6909-14

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.