Federal Court Orders Unregistered Commodity Trading Advisor, Its Manager, and a Managed Fund to Pay Over $2.8 Million in Monetary Sanctions for Fraudulent Retail Forex Fund Scheme Fraud

CFTC release 8845-23 · 2023-12-28 · view on cftc.gov ↗

Key facts

Release number: 8845-23
Release date: 2023-12-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8845-23

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.