# CFTC Orders Jon P. Ruggles to Disgorge More than $3.5 Million in Trading Profits and Pay a $1.75 Million Penalty for His Illegal Futures and Options Trading

> CFTC release 7459-16 · 2016-09-29 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 7459-16
- **Release date:** 2016-09-29
- **Type:** Other enforcement
- **Title:** CFTC Orders Jon P. Ruggles to Disgorge More than $3.5 Million in Trading Profits and Pay a $1.75 Million Penalty for His Illegal Futures and Options Trading
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7459-16

## 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 7459-16, "CFTC Orders Jon P. Ruggles to Disgorge More than $3.5 Million in Trading Profits and Pay a $1.75 Million Penalty for His Illegal Futures and Options Trading", 2016-09-29. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/7459-16.

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