Precious metals dealer charged in $61m fraud targeting elderly
Hundreds of investors were tricked into selling retirement funds to invest in a precious metals scheme that included far greater markups than promised.
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This CFTC Rule implements CEA 1936 Section 6(c)(1).
The CFTC has interpreted this rule broadly to extend its traditional jurisdiction beyond future, options, and swaps to pursue fraud in cryptocurrencies and digital assets.
An exception to the prohibition contained in 180.1(a)(4) ensures that any person who mistakenly communicates a false, misleading, or inaccurate report and does this in good faith will not be caught out by the rule.
Precious metals dealer charged in $61m fraud targeting elderly
Hundreds of investors were tricked into selling retirement funds to invest in a precious metals scheme that included far greater markups than promised.
Martina Lindberg1 min read
CFTC should regulate crypto exchanges says Commissioner
The risks posed by cyber attacks and lack of meaningful oversight of cryptocurrencies should result in regulatory intervention, says CFTC Commissioner.
Thomas Hyrkiel2 min read
Conviction secured in groundbreaking prosecution for manipulating Mango Markets
First-ever cryptocurrency market manipulation case as DOJ seals conviction for theft of over $100m in digital assets from the crypto exchange.
Martina Lindberg2 min read
Enforcement
Precious metals dealer charged in $61m fraud targeting elderly
CFTC
CFTC should regulate crypto exchanges says Commissioner
Enforcement
Conviction secured in groundbreaking prosecution for manipulating Mango Markets
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Julie DiMauro2 min read
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Martina Lindberg1 min read