# 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

> CFTC release 7383-16 · 2016-06-04 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7383-16, "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", 2016-06-04. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/7383-16.

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