Federal Court Orders Florida Resident Lawrence Scott Spain and His Florida Company, Palm Beach Capital LLC, to Pay More than $520,000 in Restitution for Engaging in Illegal, Off-Exchange Precious Metals Transactions Other enforcement

CFTC release 6972-14 · 2014-08-08 · view on cftc.gov ↗

Key facts

Release number: 6972-14
Release date: 2014-08-08
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6972-14

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.