CFTC Orders Florida Residents Ted L. Romeo, Richard D. Schrutt, and Their Company Cypress Wealth Management Group, Inc. to Pay Restitution and Civil Monetary Penalties Totaling More than $530,000 in Precious Metals Enforcement Action Other enforcement

CFTC release 7376-16 · 2016-05-27 · view on cftc.gov ↗

Key facts

Release number: 7376-16
Release date: 2016-05-27
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7376-16

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.