# CFTC FINDS THAT FORMER COMMODITIES ACCOUNT EXECUTIVE, KEVIN MARSHBURN OF TAMPA, FLORIDA, ENGAGED IN FRAUDULENT ALLOCATION SCHEME; CFTC Order Imposes Civil Monetary Penalty of $159,000 and a 10-year Trading Ban

> CFTC release 4865-03 · 2003-11-18 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4865-03
- **Release date:** 2003-11-18
- **Type:** Fraud
- **Title:** CFTC FINDS THAT FORMER COMMODITIES ACCOUNT EXECUTIVE, KEVIN MARSHBURN OF TAMPA, FLORIDA, ENGAGED IN FRAUDULENT ALLOCATION SCHEME; CFTC Order Imposes Civil Monetary Penalty of $159,000 and a 10-year Trading Ban
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4865-03

## 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 4865-03, "CFTC FINDS THAT FORMER COMMODITIES ACCOUNT EXECUTIVE, KEVIN MARSHBURN OF TAMPA, FLORIDA, ENGAGED IN FRAUDULENT ALLOCATION SCHEME; CFTC Order Imposes Civil Monetary Penalty of $159,000 and a 10-year Trading Ban", 2003-11-18. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4865-03.

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