# Federal Court in New York Orders Chicago Resident and Former Floor Broker, Kent R.E. Whitney, to Pay $600,000 for Margin Call Avoidance Scheme

> CFTC release 6261-12 · 2012-05-24 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 6261-12
- **Release date:** 2012-05-24
- **Type:** Other enforcement
- **Title:** Federal Court in New York Orders Chicago Resident and Former Floor Broker, Kent R.E. Whitney, to Pay $600,000 for Margin Call Avoidance Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6261-12

## 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 6261-12, "Federal Court in New York Orders Chicago Resident and Former Floor Broker, Kent R.E. Whitney, to Pay $600,000 for Margin Call Avoidance Scheme", 2012-05-24. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/6261-12.

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