FXDirectDealer, LLC Ordered to Pay $600,000 Civil Monetary Penalty and to Comply with Three-Year Registration Ban as FCM or RFED for Violating Minimum Financial Requirements and a Prior CFTC Order Registration / supervisory violation

CFTC release 7009-14 · 2014-09-25 · view on cftc.gov ↗

Key facts

Release number: 7009-14
Release date: 2014-09-25
Type: Registration / supervisory violation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7009-14

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.