CFTC Charges Seattle Residents Sung Hong a/k/a Lawrence or Laurence Hong, Hyun Joo Hong a/k/a Grace Hong, and Her Company Pishon Holding LLC with Fraudulently Soliciting More than $11 Million from Customers in Connection with Trading Futures Fraud

CFTC release 7569-17 · 2017-06-09 · view on cftc.gov ↗

Key facts

Release number: 7569-17
Release date: 2017-06-09
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7569-17

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.