CFTC Charges Florida-Based KB Concepts Group, LLC and Kelvin Burgos with Engaging in Illegal, Off-Exchange Precious Metals Transactions Other enforcement

CFTC release 7448-16 · 2016-09-21 · view on cftc.gov ↗

Key facts

Release number: 7448-16
Release date: 2016-09-21
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7448-16

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.