CFTC CHARGES FORMER HEAD OF NATURAL GAS TRADING DESK AT AEP ENERGY SERVICES, INC. WITH ATTEMPTED MANIPULATION AND FALSE REPORTING; Joseph P. Foley Allegedly Directed the Submission of Thousands of False Reports About Natural Gas Trades to Skew Natural Gas Indexes Market manipulation

CFTC release 5114-05 · 2005-09-20 · view on cftc.gov ↗

Key facts

Release number: 5114-05
Release date: 2005-09-20
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5114-05

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.