CFTC Orders Commodity Trading Firm and Principal to Pay a $315,000 Civil Monetary Penalty for “Cherry-Picking” Scheme Other enforcement

CFTC release 7862-18 · 2018-12-21 · view on cftc.gov ↗

Key facts

Release number
7862-18
Release date
2018-12-21
Type
Other enforcement
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7862-18

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.