Federal Court Orders Forex Trading Firm and Its Principal to Pay More Than $1.6 million for Fraudulent Forex Pool Scheme Fraud

CFTC release 7861-18 · 2018-12-21 · view on cftc.gov ↗

Key facts

Release number
7861-18
Release date
2018-12-21
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7861-18

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.