CFTC Orders Florida Resident Sean F. McCabe and His Company WorldPMX, Inc. to Pay Restitution and a Civil Monetary Penalty of More than $1.1 Million for Engaging in Illegal, Off-Exchange Precious Metals Transactions Other enforcement

CFTC release 7003-14 · 2014-09-18 · view on cftc.gov ↗

Key facts

Release number: 7003-14
Release date: 2014-09-18
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7003-14

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.