# 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

> CFTC release 7022-14 · 2014-10-01 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 7022-14, "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", 2014-10-01. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/7022-14.

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