Defendants Ordered to Pay $1.6 Million in Government's Attempted Manipulation Case against Concord Energy, LLC and Natural Gas Energy Traders Shawn McLaughlin and Darrell Danyluk Market manipulation

CFTC release 5300-07 · 2007-03-15 · view on cftc.gov ↗

Key facts

Release number: 5300-07
Release date: 2007-03-15
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5300-07

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.