In CFTC Action, Federal Court Orders Precious Metals Firm and its Principal to Pay More than $3.6 million in Monetary Sanctions for Precious Metals Fraud and Misappropriation Fraud

CFTC release 7891-19 · 2019-03-18 · view on cftc.gov ↗

Key facts

Release number: 7891-19
Release date: 2019-03-18
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7891-19

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.