CFTC Orders a Los Angeles Futures Commission Merchant to Pay $6 Million for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods Other enforcement
Key facts
- Release number
- 8763-23
- Release date
- 2023-08-08
- Type
- Other enforcement
- Primary source
- https://www.cftc.gov/PressRoom/PressReleases/8763-23
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.