# CFTC Orders Nevada Man and His Company to Pay $374,000 for Fraudulent Solicitation and Misappropriation in Forex Scheme

> CFTC release 8431-21 · 2021-09-28 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8431-21
- **Release date:** 2021-09-28
- **Type:** Fraud
- **Title:** CFTC Orders Nevada Man and His Company to Pay $374,000 for Fraudulent Solicitation and Misappropriation in Forex Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8431-21

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 8431-21, "CFTC Orders Nevada Man and His Company to Pay $374,000 for Fraudulent Solicitation and Misappropriation in Forex Scheme", 2021-09-28. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/cftc-action/8431-21.

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