Federal Court Orders Chicago-area Trader and His Company to Pay $377,000 for Forex and Commodity Fraud Fraud

CFTC release 8504-22 · 2022-03-22 · view on cftc.gov ↗

Key facts

Release number
8504-22
Release date
2022-03-22
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8504-22

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.