CFTC Orders Two Florida Men to Pay $280,000 for Registration and Reporting Violations Registration / supervisory violation

Key facts

Release number

8485-22

Release date

2022-01-27

Type

Registration / supervisory violation

Primary source

https://www.cftc.gov/PressRoom/PressReleases/8485-22

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.