MIRANT AMERICAS ENERGY MARKETING, L.P. SETTLES FEDERAL CHARGES OF FALSE REPORTING AND ATTEMPTED MANIPULATION; CFTC Imposes Civil Penalty of $12.5 Million and Orders Energy Firm to Cease and Desist from Further Violations; Respondent Found to Have Knowingly Made False Reports to <i>Gas Daily</i>, <i>Inside FERC</i> and <i>Natural Gas Intelligence</i> Market manipulation

CFTC release 5025-04 · 2004-12-06 · view on cftc.gov ↗

Key facts

Release number
5025-04
Release date
2004-12-06
Type
Market manipulation
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5025-04

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.