CFTC Orders Aden Rusfeldt to Pay in Total More than $3.2 Million in Restitution and a Civil Monetary Penalty for Fraudulent Omissions in Connection with His Operation of ETF Trend Trading Fraud

CFTC release 7461-16 · 2016-09-30 · view on cftc.gov ↗

Key facts

Release number: 7461-16
Release date: 2016-09-30
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7461-16

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.