CFTC Charges California Residents Frank J. Collins and Gerard Suite and Their Company, STA Opus NR LLC, with Fraud, Misappropriation, and Failing to Register with the CFTC Fraud

CFTC release 7423-16 · 2016-08-10 · view on cftc.gov ↗

Key facts

Release number: 7423-16
Release date: 2016-08-10
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7423-16

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.