TEXAS COMMODITY TRADER AND FIRM CHARGED WITH DEFRAUDING CUSTOMERS OF APPROXIMATELY $1 MILLION; CFTC Charges Richard A. Hale and Allegheny Gulf Investments, Inc., with Misuse of Investor Funds Other enforcement

CFTC release 4850-03 · 2003-10-07 · view on cftc.gov ↗

Key facts

Release number: 4850-03
Release date: 2003-10-07
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4850-03

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.