# CFTC ASSESSES PENALTIES AGAINST IRISH COMPANY TRADE EXCHANGE NETWORK LIMITED FOR OFFERING ILLEGAL COMMODITY OPTION CONTRACTS; Trade Exchange Network Cooperates with Federal Investigation and Agrees to Pay Civil Penalty of $150,000

> CFTC release 5124-05 · 2005-10-04 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5124-05
- **Release date:** 2005-10-04
- **Type:** Other enforcement
- **Title:** CFTC ASSESSES PENALTIES AGAINST IRISH COMPANY TRADE EXCHANGE NETWORK LIMITED FOR OFFERING ILLEGAL COMMODITY OPTION CONTRACTS; Trade Exchange Network Cooperates with Federal Investigation and Agrees to Pay Civil Penalty of $150,000
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5124-05

## 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 5124-05, "CFTC ASSESSES PENALTIES AGAINST IRISH COMPANY TRADE EXCHANGE NETWORK LIMITED FOR OFFERING ILLEGAL COMMODITY OPTION CONTRACTS; Trade Exchange Network Cooperates with Federal Investigation and Agrees to Pay Civil Penalty of $150,000", 2005-10-04. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/5124-05.

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