CFTC Orders Florida-Based Midwest Metals Exchange and Its Owner, Brian S. Ekasala, to Pay Restitution and a Civil Monetary Penalty Totaling More than $522,000 for Engaging in Illegal, Off-Exchange Precious Metals Transactions Other enforcement

CFTC release 7117-15 · 2015-02-05 · view on cftc.gov ↗

Key facts

Release number: 7117-15
Release date: 2015-02-05
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7117-15

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.