CFTC Charges Illinois Resident Gerald J. Considine and His Companies, Novo Trading and Considine Trading, with Fraudulent Solicitation and Misappropriating More than $1.65 Million of Customer Funds Fraud

CFTC release 7018-14 · 2014-09-30 · view on cftc.gov ↗

Key facts

Release number: 7018-14
Release date: 2014-09-30
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7018-14

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.