Federal Court Orders California Resident Ghassan Tawachi and His Firm, Intelligent Trades, LLC, to Pay in Total Nearly $1.5 Million in Disgorgement and a Monetary Penalty for Defrauding Clients through a Bogus Commodity Futures Trading System Other enforcement

CFTC release 7415-16 · 2016-08-02 · view on cftc.gov ↗

Key facts

Release number: 7415-16
Release date: 2016-08-02
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7415-16

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.