CFTC SETTLES ACTION AGAINST COMMODITY POOL OPERATOR FOR UNAUTHORIZED TRADING OF CLIENT FUNDS; Jeffrey Thomas Allen Banned From Trading Commodity Futures and Options Commodity pool fraud

CFTC release 5065-05 · 2005-04-06 · view on cftc.gov ↗

Key facts

Release number: 5065-05
Release date: 2005-04-06
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5065-05

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.