CFTC Orders California Resident to Pay $300,000 for Fictitious Sales Scheme
September 23, 2023
September 23, 2023
WASHINGTON, Sept. 23 -- The Commodity Futures Trading Commission issued the following enforcement news release on Sept. 22, 2023:
The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Jie "Elaine" Yu of Irvine, California, for engaging in a fictitious sales scheme. The order requires Yu to pay a $300,000 civil monetary penalty, cease and desist from further violations of the Commodity Exchange Act (CEA) and CFTC r . . .
The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Jie "Elaine" Yu of Irvine, California, for engaging in a fictitious sales scheme. The order requires Yu to pay a $300,000 civil monetary penalty, cease and desist from further violations of the Commodity Exchange Act (CEA) and CFTC r . . .