CFTC SETTLES CHARGES AGAINST THREE FORMER AGENTS OF CONVICTED FELON JOHN WHEELER; Defendants Michael Fagan, Robert Mendoza, and Gary Wood Agree to Turn Over Money They Received from Wheeler as Commissions Settlement

CFTC release 4955-04 · 2004-07-14 · view on cftc.gov ↗

Key facts

Release number: 4955-04
Release date: 2004-07-14
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4955-04

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.