# CFTC Orders Texas Man to Pay Over $1 Million for Misappropriating Confidential Information, Fictitious Trading, and False Statements

> CFTC release 8266-20 · 2020-09-30 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 8266-20
- **Release date:** 2020-09-30
- **Type:** Other enforcement
- **Title:** CFTC Orders Texas Man to Pay Over $1 Million for Misappropriating Confidential Information, Fictitious Trading, and False Statements
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8266-20

## 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 8266-20, "CFTC Orders Texas Man to Pay Over $1 Million for Misappropriating Confidential Information, Fictitious Trading, and False Statements", 2020-09-30. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/8266-20.

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