# CFTC Orders a California Commodity Trading Advisor to Pay More Than $4 Million for Fraud and Registration Violations

> CFTC release 8707-23 · 2023-05-25 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8707-23
- **Release date:** 2023-05-25
- **Type:** Fraud
- **Title:** CFTC Orders a California Commodity Trading Advisor to Pay More Than $4 Million for Fraud and Registration Violations
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8707-23

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 8707-23, "CFTC Orders a California Commodity Trading Advisor to Pay More Than $4 Million for Fraud and Registration Violations", 2023-05-25. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/cftc-action/8707-23.

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