Federal Court in Illinois Orders Matthew J. Marcus and His California Company Tech Power Inc. to Pay a $250,000 Penalty for Engineering a Money Pass Scheme Involving More than 1,200 Single Stock Futures Trades Other enforcement

CFTC release 7403-16 · 2016-07-08 · view on cftc.gov ↗

Key facts

Release number: 7403-16
Release date: 2016-07-08
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7403-16

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.