CFTC Orders Panther Energy Trading LLC and its Principal Michael J. Coscia to Pay $2.8 Million and Bans Them from Trading for One Year, for Spoofing in Numerous Commodity Futures Contracts Spoofing

CFTC release 6649-13 · 2013-07-23 · view on cftc.gov ↗

Key facts

Release number: 6649-13
Release date: 2013-07-23
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6649-13

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.