CFTC Obtains Default Judgment against New York-based SK Madison Commodities, LLC and its Principals, Michael James Seward and Yan Kaziyev, for Commodity Pool Fraud and Other Violations Fraud

CFTC release 6947-14 · 2014-06-12 · view on cftc.gov ↗

Key facts

Release number: 6947-14
Release date: 2014-06-12
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6947-14

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.