Former Trader Agrees to Cooperate with U.S. Commodity Futures Trading Commission and Settles Case for Illegal Wash Trades Wash trades / fictitious trading

CFTC release 4967-04 · 2004-08-11 · view on cftc.gov ↗

Key facts

Release number: 4967-04
Release date: 2004-08-11
Type: Wash trades / fictitious trading
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4967-04

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.