# Federal Court Sanctions Nevada Metals Trader for Spoofing in Gold and Silver Markets

> CFTC release 8891-24 · 2024-04-11 · **Spoofing** · ENFORCEMENT

## Key facts

- **Release number:** 8891-24
- **Release date:** 2024-04-11
- **Type:** Spoofing
- **Title:** Federal Court Sanctions Nevada Metals Trader for Spoofing in Gold and Silver Markets
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8891-24

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 8891-24, "Federal Court Sanctions Nevada Metals Trader for Spoofing in Gold and Silver Markets", 2024-04-11. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/8891-24.

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