Federal Court Orders Texas Fraudulent Forex Trader and His Company to Pay Over $940,000 Fraud

CFTC release 8607-22 · 2022-10-11 · view on cftc.gov ↗

Key facts

Release number
8607-22
Release date
2022-10-11
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8607-22

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.