CFTC Orders New York Resident Nathan Schleifer and Galileo Trading to Pay Restitution and Penalties Totaling More than $1.6 Million for Commodity Futures Fraud Fraud

CFTC release 7361-16 · 2016-04-13 · view on cftc.gov ↗

Key facts

Release number: 7361-16
Release date: 2016-04-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7361-16

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.