Court Finds El Paso Man and His Firm Liable for Defrauding Forex and Cryptocurrency Clients of More Than $7.2 Million Other enforcement

CFTC release 8507-22 · 2022-03-29 · view on cftc.gov ↗

Key facts

Release number
8507-22
Release date
2022-03-29
Type
Other enforcement
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8507-22

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.