CFTC and BP Energy Company Settle Case Involving Employee's Illegal Wash Trades for $100,000 Wash trades / fictitious trading

CFTC release 5018-04 · 2004-11-04 · view on cftc.gov ↗

Key facts

Release number
5018-04
Release date
2004-11-04
Type
Wash trades / fictitious trading
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5018-04

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.