CFTC Orders Dean Katzelis and Shahin Maleki d/b/a Essex Futures to Pay a $500,000 Penalty to Settle Charges of Unauthorized Options Trading, Failure to Supervise, and Other Violations Settlement

CFTC release 7972-19 · 2019-07-12 · view on cftc.gov ↗

Key facts

Release number: 7972-19
Release date: 2019-07-12
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7972-19

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.