CFTC IMPOSES A TOTAL OF $50 MILLION IN CIVIL PENALTIES ON SIX ENERGY TRADING FIRMS; Subsidiaries of Energy Companies Aquila, Inc. and Xcel Energy Inc. Pay $26.5 Million and $16 Million, Respectively, To Settle Charges of False Reporting and Attempted Manipulation; Also Settling Charges Of False Reporting Are Entergy Koch Trading, L.P., Oneok, Inc. and Its Trading Subsidiary and Calpine Energy Services, L.P. Market manipulation

CFTC release 4883-04 · 2004-01-28 · view on cftc.gov ↗

Key facts

Release number: 4883-04
Release date: 2004-01-28
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4883-04

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.