CFTC Orders Benjamin Hutchen, Formerly of Morgan Stanley & Co. LLC, to Pay a $300,000 Civil Monetary Penalty for Engaging in Unlawful Noncompetitive Futures Trades Other enforcement

CFTC release 6425-12 · 2012-11-28 · view on cftc.gov ↗

Key facts

Release number: 6425-12
Release date: 2012-11-28
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6425-12

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.