CFTC Orders Raja Michael Mawad and His Texas-Based Company, RNS Holdings LP, to Pay a Civil Monetary and Restitution Totaling More than $389,000 for Fraud and Failure to File Required Annual Reports Fraud

CFTC release 7447-16 · 2016-09-21 · view on cftc.gov ↗

Key facts

Release number: 7447-16
Release date: 2016-09-21
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7447-16

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.