United States of America: Filed Commodity Futures Trading Commission lawsuit against FTX Trading for allegedly violating Commodity Exchange Act and CFTC regulations

On 13 December 2022, the Commodity Futures Trading Commission (CFTC) filed a lawsuit against FTX Trading and Bankman-Fried, alleging violations of the Commodity Exchange Act and the Commission's regulations. Specifically, the CFTC accused Samuel Bankman-Fried, FTX Trading, of engaging in misconduct that breached federal commodities laws. These violations encompass activities such as fraudulent trading practices, misrepresentation of financial positions, and other infractions that contravened the regulatory standards set by the Commodity Exchange Act and associated CFTC regulations.