CFTC Orders Chicago-based Cunningham Commodities, LLC and its Controller Salvatore Carmen Russo Jointly to Pay a $150,000 Penalty for Failing to Immediately Report a Customer Segregated Account Deficiency Other enforcement

CFTC release 7366-16 · 2016-05-10 · view on cftc.gov ↗

Key facts

Release number: 7366-16
Release date: 2016-05-10
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7366-16

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.