Federal Court Orders Four Feeder Fund Operators and Their Principals to Pay Over $10 Million in Restitution and Penalties for Forex Fraud Fraud

CFTC release 8742-23 · 2023-07-05 · view on cftc.gov ↗

Key facts

Release number
8742-23
Release date
2023-07-05
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8742-23

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.