CFTC Files Complaint in Federal Court against Eric Moncada, BES Capital LLC, and Serdika LLC Alleging Attempted Manipulation of Wheat Futures Contract Prices, Fictitious Sales, and Non-Competitive Transactions Market manipulation

CFTC release 6441-12 · 2012-12-05 · view on cftc.gov ↗

Key facts

Release number: 6441-12
Release date: 2012-12-05
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6441-12

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.