Federal Court Orders Defendants to Pay Nearly $1.3 Million in Forex Fraud Scheme Fraud

CFTC release 8200-20 · 2020-07-10 · view on cftc.gov ↗

Key facts

Release number
8200-20
Release date
2020-07-10
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8200-20

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.