# 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

> CFTC release 7455-16 · 2016-09-28 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 7455-16, "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", 2016-09-28. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/7455-16.

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