# 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

> CFTC release 4924-04 · 2004-05-05 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 4924-04, "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", 2004-05-05. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/cftc-action/4924-04.

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