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

> CFTC release 9139-25 · 2025-11-20 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 9139-25
- **Release date:** 2025-11-20
- **Type:** Fraud
- **Title:** CFTC, 30 State Regulators Obtain Over $51 Million in Sanctions, Restitution for Victims in California Precious Metals Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/9139-25

## 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 9139-25, "CFTC, 30 State Regulators Obtain Over $51 Million in Sanctions, Restitution for Victims in California Precious Metals Fraud", 2025-11-20. Retrieved via AI Analytics 2026-07-15 from https://api.ai-analytics.org/cftc-action/9139-25.

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