CFTC Orders Florida Resident and His Company to Pay Over $1 Million for Fraud Fraud

CFTC release 8117-19 · 2020-02-13 · view on cftc.gov ↗

Key facts

Release number
8117-19
Release date
2020-02-13
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8117-19

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.