CFTC Orders Powerline Petroleum, LLC to Pay $875,000 For Fraud, False Statements to CME, and Failure to Register as a Commodity Trading Advisor Fraud

CFTC release 8559-22 · 2022-07-19 · view on cftc.gov ↗

Key facts

Release number
8559-22
Release date
2022-07-19
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8559-22

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.