CFTC Charges Pennsylvania Resident Michael Salerno and his Entities with Solicitation Fraud and Misappropriation in Connection with Retail Forex Transactions in Violation of the Commodity Exchange Act Fraud

CFTC release 7718-18 · 2018-04-25 · view on cftc.gov ↗

Key facts

Release number: 7718-18
Release date: 2018-04-25
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7718-18

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.