Federal Court Orders $13 Million Fine in CFTC Crude Oil Manipulation Action against Parnon Energy Inc., Arcadia Petroleum Ltd., and Arcadia Energy (Suisse) SA, and Crude Oil Traders James Dyer and Nicholas Wildgoose Market manipulation

CFTC release 6971-14 · 2014-08-05 · view on cftc.gov ↗

Key facts

Release number: 6971-14
Release date: 2014-08-05
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6971-14

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.