CFTC Charges Parnon Energy Inc., Arcadia Petroleum Ltd. and Arcadia Energy (Suisse) SA with Price Manipulation in the Crude Oil Market Market manipulation

CFTC release 6041-11 · 2011-05-25 · view on cftc.gov ↗

Key facts

Release number: 6041-11
Release date: 2011-05-25
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6041-11

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.