Federal Court Orders Florida Resident Rico Omar Cox to Pay Over $940,000 and Imposes Permanent Trading and Registration Bans for Solicitation Fraud and False Statements in Commodity Futures Fraud Action Brought by CFTC Fraud

CFTC release 7383-16 · 2016-06-04 · view on cftc.gov ↗

Key facts

Release number: 7383-16
Release date: 2016-06-04
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7383-16

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.