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

> CFTC release 7026-14 · 2014-10-02 · **Market manipulation** · ENFORCEMENT

## Key facts

- **Release number:** 7026-14
- **Release date:** 2014-10-02
- **Type:** Market manipulation
- **Title:** Federal Court Orders Eric Moncada to Pay $1.56 Million Penalty for Attempting to Manipulate the Wheat Futures Market
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7026-14

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7026-14, "Federal Court Orders Eric Moncada to Pay $1.56 Million Penalty for Attempting to Manipulate the Wheat Futures Market", 2014-10-02. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/cftc-action/7026-14.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*