# 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

> CFTC release 7447-16 · 2016-09-21 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 7447-16, "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", 2016-09-21. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/cftc-action/7447-16.

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