Federal Court Imposes Over $29 Million in Restitution and Penalties Against California and Colorado Residents for Binary Options and Forex Fraud, Registration Violations, and Failure to Comply with Commodity Pool Operator Regulations Fraud

CFTC release 8556-22 · 2022-07-15 · view on cftc.gov ↗

Key facts

Release number: 8556-22
Release date: 2022-07-15
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8556-22

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.