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

> CFTC release 7448-16 · 2016-09-21 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 7448-16
- **Release date:** 2016-09-21
- **Type:** Other enforcement
- **Title:** CFTC Charges Florida-Based KB Concepts Group, LLC and Kelvin Burgos with Engaging in Illegal, Off-Exchange Precious Metals Transactions
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7448-16

## 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 7448-16, "CFTC Charges Florida-Based KB Concepts Group, LLC and Kelvin Burgos with Engaging in Illegal, Off-Exchange Precious Metals Transactions", 2016-09-21. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/cftc-action/7448-16.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*