CFTC Orders New York-Based Commodity Pool Operator and Commodity Trading Advisor to Pay $400,000 Penalty for Supervision Failures Commodity pool fraud

CFTC release 8681-23 · 2023-03-28 · view on cftc.gov ↗

Key facts

Release number: 8681-23
Release date: 2023-03-28
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8681-23

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.