CFTC, 30 State Regulators Obtain Over $51 Million in Sanctions, Restitution for Victims in California Precious Metals Fraud Fraud

CFTC release 9139-25 · 2025-11-20 · view on cftc.gov ↗

Key facts

Release number
9139-25
Release date
2025-11-20
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/9139-25

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.