# 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

> CFTC release 7423-16 · 2016-08-10 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 7423-16, "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", 2016-08-10. Retrieved via AI Analytics 2026-06-11 from https://api.ai-analytics.org/cftc-action/7423-16.

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