# 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

> CFTC release 6425-12 · 2012-11-28 · **Other enforcement** · ENFORCEMENT

## Key facts

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

## 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 6425-12, "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", 2012-11-28. Retrieved via AI Analytics 2026-07-24 from https://api.ai-analytics.org/cftc-action/6425-12.

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