CFTC Orders Zulutrade Inc. to Pay $150,000 Penalty and Disgorge Profits of $80,000 to Settle Charges of Failure to Supervise Activities Relating to Its Business as a CFTC Registrant Settlement

CFTC release 6992-14 · 2014-09-10 · view on cftc.gov ↗

Key facts

Release number: 6992-14
Release date: 2014-09-10
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6992-14

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.