# 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

> CFTC release 7718-18 · 2018-04-25 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 7718-18, "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", 2018-04-25. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/7718-18.

---

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