New York Federal Court Orders New York Financial Advisor Wayne P. Weddington III and His Companies to Pay More than $1 Million for Commodity Pool Fraud and Unregistered Activity Fraud

CFTC release 7208-15 · 2015-08-06 · view on cftc.gov ↗

Key facts

Release number: 7208-15
Release date: 2015-08-06
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7208-15

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.