CFTC CHARGES COMMERCIAL HEDGE SERVICES, PRIME TRADING COMPANY, AND LAWRENCE JOSEPH VOLF -- ALL OF NEBRASKA -- WITH FRAUD; Introducing Broker and his Company Allegedly Made Unauthorized, Speculative Trades in Commodity Hedge Accounts that Caused Farmers $5 Million in Losses Fraud

CFTC release 4924-04 · 2004-05-05 · view on cftc.gov ↗

Key facts

Release number: 4924-04
Release date: 2004-05-05
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4924-04

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.