# 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

> CFTC release 7576-17 · 2017-06-23 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 7576-17, "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", 2017-06-23. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/cftc-action/7576-17.

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