CFTC Assesses Penalties of $300,000 Against Shell-Related Companies and Trader in Settling Charges of Prearranging Crude Oil Trades Settlement

CFTC release 5150-06 · 2006-01-05 · view on cftc.gov ↗

Key facts

Release number
5150-06
Release date
2006-01-05
Type
Settlement
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5150-06

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.