# CFTC Charges CIS Commodities LLC and Allen N. Ward with Misappropriation of Customer Funds and also Charges CIS, Ward, Trans Global Investments, LLC and Charles Leroy Timberlake with Misrepresentation and Issuing False Statements

> CFTC release 6068-11 · 2011-07-09 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 6068-11
- **Release date:** 2011-07-09
- **Type:** Other enforcement
- **Title:** CFTC Charges CIS Commodities LLC and Allen N. Ward with Misappropriation of Customer Funds and also Charges CIS, Ward, Trans Global Investments, LLC and Charles Leroy Timberlake with Misrepresentation and Issuing False Statements
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6068-11

## 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 6068-11, "CFTC Charges CIS Commodities LLC and Allen N. Ward with Misappropriation of Customer Funds and also Charges CIS, Ward, Trans Global Investments, LLC and Charles Leroy Timberlake with Misrepresentation and Issuing False Statements", 2011-07-09. Retrieved via AI Analytics 2026-06-27 from https://api.ai-analytics.org/cftc-action/6068-11.

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