Marathon Petroleum Company LLC Agrees to Pay $1,000,000 Civil Penalty to Settle U.S. Commodity Futures Trading Commission Charges of Attempted Manipulation in Crude Oil Markets Market manipulation

CFTC release 5366-07 · 2007-08-02 · view on cftc.gov ↗

Key facts

Release number: 5366-07
Release date: 2007-08-02
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5366-07

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.