Federal Court Orders Texas Man to Pay Over $290,000 for Manipulative and Deceptive Digital Asset Pump-and-Dump Scheme Market manipulation

CFTC release 8558-22 · 2022-07-18 · view on cftc.gov ↗

Key facts

Release number
8558-22
Release date
2022-07-18
Type
Market manipulation
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8558-22

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.