Federal Court Orders Estonian Forex Dealer to Pay over $10 Million in Sanctions for Defrauding U.S. Customers and Orders Introducing Broker that Solicited for Dealer to Pay $85,000 Penalty Other enforcement

CFTC release 7757-18 · 2018-07-19 · view on cftc.gov ↗

Key facts

Release number: 7757-18
Release date: 2018-07-19
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7757-18

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.