# CFTC Orders Staten Island-Resident Michael Pucciarelli and his Company, Badge Trading LLC, to Pay  a $280,000 Penalty for Engaging in Unlawful Noncompetitive Exchange for Physical Transactions

> CFTC release 7355-16 · 2016-04-06 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 7355-16
- **Release date:** 2016-04-06
- **Type:** Other enforcement
- **Title:** CFTC Orders Staten Island-Resident Michael Pucciarelli and his Company, Badge Trading LLC, to Pay  a $280,000 Penalty for Engaging in Unlawful Noncompetitive Exchange for Physical Transactions
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7355-16

## 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 7355-16, "CFTC Orders Staten Island-Resident Michael Pucciarelli and his Company, Badge Trading LLC, to Pay  a $280,000 Penalty for Engaging in Unlawful Noncompetitive Exchange for Physical Transactions", 2016-04-06. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/cftc-action/7355-16.

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