Federal Court Orders Eric Moncada to Pay $1.56 Million Penalty for Attempting to Manipulate the Wheat Futures Market Market manipulation

CFTC release 7026-14 · 2014-10-02 · view on cftc.gov ↗

Key facts

Release number
7026-14
Release date
2014-10-02
Type
Market manipulation
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7026-14

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.