Illinois Resident Cameron Charles Ordered to Pay a $100,000 Civil Penalty and Submit to a Permanent Trading Ban in Connection with the Financial Collapse of Watseka Farmers Grain Co. Cooperative Other enforcement

CFTC release 5513-08 · 2008-06-20 · view on cftc.gov ↗

Key facts

Release number: 5513-08
Release date: 2008-06-20
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5513-08

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.