# Former Enserco Energy Trader Matthew Reed to Pay $475,000 to Settle CFTC Charges of False Reporting and Attempted Manipulation of Natural Gas Prices

> CFTC release 5570-08 · 2008-11-18 · **Market manipulation** · ENFORCEMENT

## Key facts

- **Release number:** 5570-08
- **Release date:** 2008-11-18
- **Type:** Market manipulation
- **Title:** Former Enserco Energy Trader Matthew Reed to Pay $475,000 to Settle CFTC Charges of False Reporting and Attempted Manipulation of Natural Gas Prices
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5570-08

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5570-08, "Former Enserco Energy Trader Matthew Reed to Pay $475,000 to Settle CFTC Charges of False Reporting and Attempted Manipulation of Natural Gas Prices", 2008-11-18. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/5570-08.

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