Federal Court Imposes $15.7 Million Civil Penalty and Lifetime Trading Ban against Precious Metals Dealer and his Company in CFTC Anti-Fraud Action Fraud

CFTC release 7875-19 · 2019-02-21 · view on cftc.gov ↗

Key facts

Release number
7875-19
Release date
2019-02-21
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7875-19

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.