CFTC Charges Jamal Y. Vance and His Company All City Investments, LLC with Solicitation Fraud in Connection with Off-Exchange Foreign Currency Transactions and Failure to Register as a Commodity Trading Advisor Fraud

CFTC release 7451-16 · 2016-09-23 · view on cftc.gov ↗

Key facts

Release number: 7451-16
Release date: 2016-09-23
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7451-16

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.