# Federal Court Imposes $260,000 in Civil Penalties against Austin, Texas Resident Steven Leigh Shakespeare and His Company, Guardian Futures, Inc., Both Charged with Fraud and Unauthorized Trading

> CFTC release 5799-10 · 2010-03-25 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5799-10
- **Release date:** 2010-03-25
- **Type:** Fraud
- **Title:** Federal Court Imposes $260,000 in Civil Penalties against Austin, Texas Resident Steven Leigh Shakespeare and His Company, Guardian Futures, Inc., Both Charged with Fraud and Unauthorized Trading
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5799-10

## 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 5799-10, "Federal Court Imposes $260,000 in Civil Penalties against Austin, Texas Resident Steven Leigh Shakespeare and His Company, Guardian Futures, Inc., Both Charged with Fraud and Unauthorized Trading", 2010-03-25. Retrieved via AI Analytics 2026-05-21 from https://api.ai-analytics.org/cftc-action/5799-10.

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