TEXAS FEDERAL COURT ORDERS DEFENDANTS RICHARD HALE AND ALLEGHENY GULF INVESTMENTS, INC. TO PAY $440,000 IN CIVIL PENALTIES FOR MISAPPROPRIATING CUSTOMER FUNDS; Defendants Also Prohibited From Handling Commodity Interest Accounts Other enforcement

CFTC release 5039-05 · 2005-01-13 · view on cftc.gov ↗

Key facts

Release number: 5039-05
Release date: 2005-01-13
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5039-05

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.