# Federal Court Orders California Forex Firm and Its Owners to Pay Over $4 Million for Pool Fraud and Registration Violations

> CFTC release 8465-21 · 2021-11-29 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8465-21
- **Release date:** 2021-11-29
- **Type:** Fraud
- **Title:** Federal Court Orders California Forex Firm and Its Owners to Pay Over $4 Million for Pool Fraud and Registration Violations
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8465-21

## 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 8465-21, "Federal Court Orders California Forex Firm and Its Owners to Pay Over $4 Million for Pool Fraud and Registration Violations", 2021-11-29. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/8465-21.

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