CFTC Charges Virginia Resident Tracy Lee Thomas and His Firm, Cayman Islands-Based Marbury Advisors Inc., with Fraudulently Soliciting over $1.2 Million in a Commodity Futures Scheme Fraud

CFTC release 7348-16 · 2016-03-26 · view on cftc.gov ↗

Key facts

Release number: 7348-16
Release date: 2016-03-26
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7348-16

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.