# Delaware Resident Kenneth Branch and his company, Cocoon Trade, Inc., Ordered to Pay More than $1.5 Million in Restitution and Penalties in CFTC Commodity Pool Fraud Action

> CFTC release 5658-09 · 2009-05-21 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5658-09
- **Release date:** 2009-05-21
- **Type:** Fraud
- **Title:** Delaware Resident Kenneth Branch and his company, Cocoon Trade, Inc., Ordered to Pay More than $1.5 Million in Restitution and Penalties in CFTC Commodity Pool Fraud Action
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5658-09

## 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 5658-09, "Delaware Resident Kenneth Branch and his company, Cocoon Trade, Inc., Ordered to Pay More than $1.5 Million in Restitution and Penalties in CFTC Commodity Pool Fraud Action", 2009-05-21. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/cftc-action/5658-09.

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