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

> CFTC release 7188-15 · 2015-06-20 · **Market manipulation** · ENFORCEMENT

## Key facts

- **Release number:** 7188-15
- **Release date:** 2015-06-20
- **Type:** Market manipulation
- **Title:** Federal Court Orders a $500,000 Civil Penalty against Joseph F. Welsh III for Attempted Manipulation of Palladium and Platinum Futures Contracts
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7188-15

## 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 7188-15, "Federal Court Orders a $500,000 Civil Penalty against Joseph F. Welsh III for Attempted Manipulation of Palladium and Platinum Futures Contracts", 2015-06-20. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/cftc-action/7188-15.

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