# 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

> CFTC release 4948-04 · 2004-07-01 · **Market manipulation** · ENFORCEMENT

## Key facts

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

## 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 4948-04, "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", 2004-07-01. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4948-04.

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