CFTC SETTLES CASE WITH FORMER ELECTRICITY TRADER FOR EXECUTING ILLEGAL WASH TRADES; Trader Agrees to Cooperate Wash trades / fictitious trading

CFTC release 4925-04 · 2004-05-10 · view on cftc.gov ↗

Key facts

Release number: 4925-04
Release date: 2004-05-10
Type: Wash trades / fictitious trading
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4925-04

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.