CFTC Orders S.J. Woods, Inc., Peter Blanco, and Paul Proscia to Pay over $2.9 Million in Restitution and Permanently Bars Them from the Commodities Industry Other enforcement
Key facts
- Release number
- 6980-14
- Release date
- 2014-08-22
- Type
- Other enforcement
- Primary source
- https://www.cftc.gov/PressRoom/PressReleases/6980-14
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.