# 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

> CFTC release 4824-03 · 2003-07-29 · **Market manipulation** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 4824-03, "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", 2003-07-29. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/4824-03.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*