Former BP Trader Paul Kelly Agrees to Pay $400,000 Civil Penalty to Settle U.S. Commodity Futures Trading Commission Charges of Attempted Manipulation of the NYMEX Unleaded Gasoline Futures Contract Market manipulation

CFTC release 5402-07 · 2007-10-26 · view on cftc.gov ↗

Key facts

Release number: 5402-07
Release date: 2007-10-26
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5402-07

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.