U.S. COMMODITY FUTURES TRADING COMMISSION SETTLES CHARGES AGAINST FIVE INDIVIDUALS FOR TAKING PART IN ARTIFICIAL TRADING SCHEME; CFTC Order Finds That Illinois Residents Daniel J. Collins, Thomas M. Gianos, Bernard Miraglia and John R. Wade, and Wisconsin Resident Edward M. Collins Participated in Illegal Transfer Trades During the 1980s Settlement

CFTC release 4961-04 · 2004-07-20 · view on cftc.gov ↗

Key facts

Release number: 4961-04
Release date: 2004-07-20
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4961-04

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.