Federal Court Orders a $500,000 Civil Penalty against Joseph F. Welsh III for Attempted Manipulation of Palladium and Platinum Futures Contracts Market manipulation

CFTC release 7188-15 · 2015-06-20 · view on cftc.gov ↗

Key facts

Release number: 7188-15
Release date: 2015-06-20
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7188-15

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.