CFTC Wins Forex Fraud Trial on Damages and Obtains Monetary Judgment of More than $22.6 Million Fraud

CFTC release 8122-20 · 2020-02-21 · view on cftc.gov ↗

Key facts

Release number
8122-20
Release date
2020-02-21
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8122-20

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.