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

> CFTC release 7875-19 · 2019-02-21 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7875-19
- **Release date:** 2019-02-21
- **Type:** Fraud
- **Title:** Federal Court Imposes $15.7 Million Civil Penalty and Lifetime Trading Ban against Precious Metals Dealer and his Company in CFTC Anti-Fraud Action
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7875-19

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7875-19, "Federal Court Imposes $15.7 Million Civil Penalty and Lifetime Trading Ban against Precious Metals Dealer and his Company in CFTC Anti-Fraud Action", 2019-02-21. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/cftc-action/7875-19.

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