CFTC Settles Natural Gas Attempted Manipulation Lawsuit with Joseph P. Foley, a Former American Electric Power Company, Inc. Trader Market manipulation

CFTC release 5236-06 · 2006-10-02 · view on cftc.gov ↗

Key facts

Release number: 5236-06
Release date: 2006-10-02
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5236-06

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.