Federal Court Orders More than $1.3 Million in Sanctions and Enters a Default Judgment Order against Florida-Based Gold Distributors, Inc. and Its Owner, Jordan Cain, for Engaging in Illegal, Off-Exchange Commodity Transactions Court judgment

CFTC release 7076-14 · 2014-12-06 · view on cftc.gov ↗

Key facts

Release number: 7076-14
Release date: 2014-12-06
Type: Court judgment
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7076-14

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.