# 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

> CFTC release 7569-17 · 2017-06-09 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 7569-17, "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", 2017-06-09. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/7569-17.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*