Whistleblower News: CFTC Releases Annual Enforcement Results, Federal Court Orders California Man And His Commodity Pool Operator And Introducing Broker To Pay Over $2.3M For Commodity Fraud And Making False Statements To The NFA

CFTC Releases Annual Enforcement Results


The Commodity Futures Trading Commission today released the agency’s enforcement results for Fiscal Year 2022 that demonstrates its continued commitment to protecting customers and ensuring market integrity. In FY 2022, the CFTC obtained orders imposing over $2.5 billion in restitution, disgorgement and civil monetary penalties either through settlement or litigation. In the agency’s efforts to prevent fraud, manipulation, reporting, supervision and misconduct related to digital assets, the CFTC filed 82 enforcement actions and continued to devote significant resources to litigating complex cases and achieved several litigation successes during the fiscal year. read more »

Federal Court Orders California Man and His Commodity Pool Operator and Introducing Broker to Pay Over $2.3 Million for Commodity Fraud and Making False Statements to the NFA 


The Commodity Futures Trading Commission today announced the U.S. District Court for the District of Arizona entered a consent order on October 19, imposing monetary sanctions against Purvesh Mankad and his affiliated entities CTAX Series, LLC, a CFTC-registered commodity pool operator, and CTAX Partners, LLC, a CFTC-registered introducing broker. read more »