CFTC IMPOSES $7 MILLION CIVIL PENALTY ON DENVER-BASED ENERGY FIRM; Western Gas Resources, Inc. Charged With False Reporting and Attempted Manipulation in Violation of the Commodity Exchange Act Market manipulation

CFTC release 4948-04 · 2004-07-01 · view on cftc.gov ↗

Key facts

Release number: 4948-04
Release date: 2004-07-01
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4948-04

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.