CFTC Obtains Default Judgment against Texas-Based Financial Robotics, Inc. for Fraudulent Forex Scheme Fraud

CFTC release 7043-14 · 2014-10-25 · view on cftc.gov ↗

Key facts

Release number
7043-14
Release date
2014-10-25
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7043-14

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.