Federal Court Orders Texas Energy Broker, Its Owners, and Affiliated Trading Firms to Pay Nearly $3 Million For Fraud, Trading Against Customers Without Consent and Failure to Supervise Fraud

CFTC release 8672-23 · 2023-03-08 · view on cftc.gov ↗

Key facts

Release number: 8672-23
Release date: 2023-03-08
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8672-23

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.