CFTC Orders New York Resident Jacob N. Stein to Pay More than $344,000 in Restitution and Civil Monetary Penalty for Commodity Pool Fraud and Misappropriation Fraud

CFTC release 6975-14 · 2014-08-12 · view on cftc.gov ↗

Key facts

Release number: 6975-14
Release date: 2014-08-12
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6975-14

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.