CFTC Orders Two California Precious Metals Companies to Pay Over $1 Million for Fraud, Illegal Offering of Retail Commodity Transactions, and Registration Violations Fraud

CFTC release 8588-22 · 2022-09-22 · view on cftc.gov ↗

Key facts

Release number: 8588-22
Release date: 2022-09-22
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8588-22

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.