CFTC Orders Utah Resident Scott A. Beatty and his Company, Peak Capital Management Group, Inc., to Pay over $1.6 Million for Forex Fraud and Making False Statements to the CFTC During an Investigation Fraud

CFTC release 7022-14 · 2014-10-01 · view on cftc.gov ↗

Key facts

Release number: 7022-14
Release date: 2014-10-01
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7022-14

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.