CFTC Orders Pennsylvania Resident Robert M. McMahon to Pay $171,800 Civil Monetary Penalty and Imposes Permanent Trading and Registration Bans for Engaging in Deceptive Trade Allocation Scheme Registration / supervisory violation

CFTC release 7235-15 · 2015-09-18 · view on cftc.gov ↗

Key facts

Release number: 7235-15
Release date: 2015-09-18
Type: Registration / supervisory violation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7235-15

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.