CFTC Penalizes and Permanently Bans Texan from Trading and Registration for Virtual Currencies Fraud Fraud

CFTC release 8621-22 · 2022-11-04 · view on cftc.gov ↗

Key facts

Release number
8621-22
Release date
2022-11-04
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8621-22

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.