# 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

> CFTC release 7076-14 · 2014-12-06 · **Court judgment** · ENFORCEMENT

## Key facts

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

## 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 7076-14, "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", 2014-12-06. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/cftc-action/7076-14.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*