WILLIAMS COMPANIES AND WILLIAMS ENERGY MARKETING AND TRADING PAY $20 MILLION TO SETTLE COMMODITY FUTURES TRADING COMMISSION CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING; Energy Company and Its Subsidiary Settle Claims Under the Commodity Exchange Act That They Intentionally Reported False Natural Gas Price and Volume Information to Energy Reporting Firms in an Attempt to Affect Prices of Natural Gas Market manipulation

CFTC release 4824-03 · 2003-07-29 · view on cftc.gov ↗

Key facts

Release number: 4824-03
Release date: 2003-07-29
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4824-03

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.