Daniel Shak, Former Principal of SHK Management LLC, and SHK Management LLC to Jointly Pay $400,000 Penalty to Settle CFTC Charges of Attempted Manipulation of NYMEX Crude Oil Futures Contracts Market manipulation

CFTC release 6781-13 · 2013-11-26 · view on cftc.gov ↗

Key facts

Release number: 6781-13
Release date: 2013-11-26
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6781-13

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.