CFTC Permanently Bans Brian Hinman from Trading and Registering with the CFTC and Imposes over $141,000 in a Monetary Penalty and Disgorgement for Aiding and Abetting Commodity Pool Fraud Fraud

CFTC release 7360-16 · 2016-04-13 · view on cftc.gov ↗

Key facts

Release number: 7360-16
Release date: 2016-04-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7360-16

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.