# 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

> CFTC release 7003-14 · 2014-09-18 · **Other enforcement** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7003-14, "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", 2014-09-18. Retrieved via AI Analytics 2026-05-25 from https://api.ai-analytics.org/cftc-action/7003-14.

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