CFTC Settles Action against Friedberg Mercantile Group, Inc., a Registered Futures Commission Merchant, for Secured Amount Deficiency, Commingling of Customer Funds and Failure to Timely Report Secured Amount Deficiency Settlement

CFTC release 7032-14 · 2014-10-09 · view on cftc.gov ↗

Key facts

Release number: 7032-14
Release date: 2014-10-09
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7032-14

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.