U.S. CFTC enforcement report 2019: focus on cryptocurrency fraud and other misconduct

The U.S. Commodity Futures Trading Commission (CFTC) today announced its 2019 annual enforcement and compliance results, including a series of significant cases involving allegations of manipulation, deception and illegal use of customer funds. The CFTC said that five "report bonuses" were awarded in 2019, totaling about $ 15 million, but well below the record of $ 75 million set in 2018. The CFTC added that it has obtained enforceable commitments through settlement agreements, examples of which include misuse of benchmark exchange rates, fraud and retail fraud involving cryptocurrencies.