Federal Court Orders Binary Options Firm and Principal to Pay More Than $22 Million for Fraudulent Scheme Fraud

CFTC release 7919-19 · 2019-04-29 · view on cftc.gov ↗

Key facts

Release number
7919-19
Release date
2019-04-29
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7919-19

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.