# 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

> CFTC release 6909-14 · 2014-04-09 · **Other enforcement** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6909-14, "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", 2014-04-09. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/6909-14.

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