Federal Court Orders Florida Commodity Pool Operator to Pay Nearly $9 Million in Restitution Commodity pool fraud

CFTC release 8761-23 · 2023-08-07 · view on cftc.gov ↗

Key facts

Release number
8761-23
Release date
2023-08-07
Type
Commodity pool fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8761-23

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.