CFTC Orders Pennsylvania Resident Christopher A. Engel and Pinnacle Forex Group LLC to Pay Restitution and a Civil Monetary Penalty Totaling More than $819,000 for Engaging in Commodity Pool Fraud and Misappropriation Fraud

CFTC release 7073-14 · 2014-12-04 · view on cftc.gov ↗

Key facts

Release number: 7073-14
Release date: 2014-12-04
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7073-14

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.