CFTC Charges Irvine, California Resident Ghassan Tawachi and His Company, Intelligent Trades, LLC, with Defrauding Customers in Connection with a Commodity Futures Trading System Other enforcement

CFTC release 7304-16 · 2016-01-08 · view on cftc.gov ↗

Key facts

Release number: 7304-16
Release date: 2016-01-08
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7304-16

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.