Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud
The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (C...
A judge at the Southern District of New York court has banned Ackerman from trading in any markets supervised by the financial watchdog, CFTC revealed. ...
Read More: Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud
Original source
Read on CryptonewsRelated market context
SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Na...
Former SEC Chair Gensler rejects CFTC claim of authority over prediction market sports betting
Gary Gensler is calling malarkey the claim that the CFTC has jurisdiction over prediction markets, specifically sports bets.
Kraken Prepares CFTC-Regulated Perpetual Futures Launch For US Traders
TL;DR Kraken says it plans to launch CFTC-regulated perpetual futures for eligible US traders within 30 days. Contracts will be li...
CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets
The Commodity Futures Trading Commission filed suit Thursday in federal court against New Mexico, seeking to prevent the state fro...
Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules
Gary Gensler, the former chair of both the CFTC and the SEC, filed an amicus brief Thursday with the Sixth Circuit Court of Appeal...
Brazilian court denies release of ‘Bitcoin Pharaoh’ wife Mirelis Yoseline Diaz Zerpa
The court's decision underscores the ongoing global crackdown on crypto fraud, highlighting the challenges in regulating digital c...