CFTC Charges New Jersey Resident Michael S. Wright and New York Firm Wright Time Capital Group LLC (d/b/a Global FX Club) with Solicitation Fraud and Misappropriation in connection with a Pooled Investment in Foreign Currency Derivatives Trading Fraud

CFTC release 7576-17 · 2017-06-23 · view on cftc.gov ↗

Key facts

Release number: 7576-17
Release date: 2017-06-23
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7576-17

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.