Federal Court Orders California Man and His Commodity Pool Operator and Introducing Broker to Pay Over $2.3 Million for Commodity Fraud and Making False Statements to the NFA Fraud

CFTC release 8615-22 · 2022-10-25 · view on cftc.gov ↗

Key facts

Release number: 8615-22
Release date: 2022-10-25
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8615-22

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.