# 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

> CFTC release 5039-05 · 2005-01-13 · **Other enforcement** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5039-05, "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", 2005-01-13. Retrieved via AI Analytics 2026-07-20 from https://api.ai-analytics.org/cftc-action/5039-05.

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