CFTC Charges Kevin Michael Symons of Foothill Ranch, California and His Company, FTS Financial, Inc., with Fraud and Jerry Austin Simmons of Charlotte, North Carolina with Fraud and Failure to Register with the CFTC Fraud

CFTC release 7455-16 · 2016-09-28 · view on cftc.gov ↗

Key facts

Release number: 7455-16
Release date: 2016-09-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7455-16

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.