CFTC Charges Tennessee and Kentucky Residents Rodney Scott Phelps and Jason T. Castenir and Their Company, Maverick Asset Management, LLC, with Commodity Pool Fraud and Other Violations Fraud

CFTC release 7221-15 · 2015-09-09 · view on cftc.gov ↗

Key facts

Release number: 7221-15
Release date: 2015-09-09
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7221-15

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.