COMMODITY FUTURES TRADER ORDERED TO PAY MORE THAN $1 MILLION TO DEFRAUDED CUSTOMERS; Federal Court Bans Utah Man, Stanley E. Varner from Trading Commodities for Five Years and Imposes $575,000 Civil Penalty Other enforcement

CFTC release 4958-04 · 2004-07-15 · view on cftc.gov ↗

Key facts

Release number: 4958-04
Release date: 2004-07-15
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4958-04

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.