CFTC Orders an Iowa Introducing Broker and Its Principals to Pay $11.9 Million in Restitution to Farmers and a $1.25 Million Civil Monetary Penalty for Fraud, Unauthorized Trading, and False Statements to the CME, Among Other Violations Fraud

CFTC release 7803-18 · 2018-09-26 · view on cftc.gov ↗

Key facts

Release number: 7803-18
Release date: 2018-09-26
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7803-18

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.