CFTC Charges Trading Firm, CEO, and COO with $5 Million Forex Commodity Pool Scheme Commodity pool fraud

CFTC release 8803-23 · 2023-10-06 · view on cftc.gov ↗

Key facts

Release number
8803-23
Release date
2023-10-06
Type
Commodity pool fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8803-23

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.