Federal Court Sanctions Gerard Suite and STA Opus LLC for Commodity Pool Fraud and Frank Collins for Misappropriation of Customer Funds Fraud

CFTC release 7647-17 · 2017-11-17 · view on cftc.gov ↗

Key facts

Release number
7647-17
Release date
2017-11-17
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7647-17

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.