Market Manipulation. Search

CFTC manipulation enforcement actions

This library records 334 market manipulation enforcement actions brought by the Commodity Futures Trading Commission.

These are the CFTC actions our ingest has classified as involving a manipulation technique. Actions that do not allege manipulation are outside this library's scope and are not recorded, so this is not a complete mirror of CFTC enforcement.

Actions
34
Total penalties
$1.1bn
Median penalty
$1.5m
Largest
$475m
Criminal parallel
32%
Action Agency Filed Technique Penalty Status
CFTC v. Martin, Martin, Queen Shoals Consultants (2014) CFTC 2014-03-31 $5.8m judgment
CFTC v. Onsa, New Century Investment Management (ponzi schemes, 2014) CFTC 2014-03-31 Ponzi Schemes $5.7m judgment
CFTC v. Defendants (ponzi schemes, 2014) CFTC 2014-03-21 Ponzi Schemes $1.1m judgment
CFTC v. Leben (ponzi schemes, 2014) CFTC 2014-03-12 Ponzi Schemes $7.7m judgment
CFTC v. Defendants Harbor Light Asset (ponzi schemes, 2014) CFTC 2014-02-11 Ponzi Schemes $3.9m judgment
CFTC v. David M. Nunn (wash trading, 2013) CFTC 2013-12-19 Wash Trading $600k judgment
CFTC v. David R. Lynch (ponzi schemes, 2013) CFTC 2013-12-12 Ponzi Schemes $300k settled
CFTC v. Daniel Shak and SHK Management LLC (banging the close, 2013) CFTC 2013-11-25 Banging The Close , Price Manipulation +1 $400k settled
CFTC v. Donald R. Wilson and DRW Investments, LLC (banging the close, 2013) CFTC 2013-11-06 Banging The Close , Price Manipulation +1 — judgment
CFTC v. Rabobank (benchmark submission rigging, 2013) CFTC 2013-10-29 Benchmark Submission Rigging , Price Manipulation $475m settled
CFTC v. JPMorgan Chase Bank (price manipulation, 2013) CFTC 2013-10-16 Price Manipulation $100m judgment
CFTC v. Dominick Anthony Cognata (failure to produce records, 2013) CFTC 2013-09-30 $140k judgment
CFTC v. ICAP Europe Limited (benchmark submission rigging, 2013) CFTC 2013-09-25 Benchmark Submission Rigging , Price Manipulation $65m settled
CFTC v. Charles, The Borrowing Station (ponzi schemes, 2013) CFTC 2013-08-26 Ponzi Schemes $350k settled
CFTC v. Panther Energy Trading LLC and Michael J. Coscia (spoofing, 2013) CFTC 2013-07-22 Spoofing $1.4m judgment
CFTC v. Varlesi (ponzi schemes, 2013) CFTC 2013-06-25 Ponzi Schemes $700k settled
CFTC v. Wright (ponzi schemes, 2013) CFTC 2013-06-24 Ponzi Schemes $1m settled
CFTC v. Hales, Richardson, Bentley Equities (ponzi schemes, 2013) CFTC 2013-06-04 Ponzi Schemes $2.1m judgment
CFTC v. Kevin Cassidy (mismarking, 2013) CFTC 2013-05-30 Mismarking $1m judgment
CFTC v. William Center, Gregory Center and Trade, LLC (ponzi schemes, 2013) CFTC 2013-05-23 Ponzi Schemes $4m judgment
CFTC v. Christy, Crabapple Capital Group (ponzi schemes, 2013) CFTC 2013-05-20 Ponzi Schemes — judgment
CFTC v. Harris, Starr, Complete Developments (ponzi schemes, 2013) CFTC 2013-05-13 Ponzi Schemes $7.6m judgment
CFTC v. Ron Eibschutz (2013) CFTC 2013-05-08 $75k settled
CFTC v. Kevin McLaren (wash trading, 2013) CFTC 2013-04-29 Wash Trading $400k judgment
CFTC v. Schmickle, Q Wealth Management (ponzi schemes, 2013) CFTC 2013-04-23 Ponzi Schemes $1.5m settled
CFTC v. Bailey, Hudspeth, PMC Strategy (ponzi schemes, 2013) CFTC 2013-04-17 Ponzi Schemes $1.4m judgment
CFTC v. 4X Solutions, Chay (ponzi schemes, 2013) CFTC 2013-04-08 Ponzi Schemes $8.2m judgment
CFTC v. Cilli, Progressive Investment Funds (ponzi schemes, 2013) CFTC 2013-03-27 Ponzi Schemes — judgment
CFTC v. Ronnie Gene Wilson (ponzi schemes, 2013) CFTC 2013-02-28 Ponzi Schemes $23m judgment
CFTC v. CME Group’s New York Mercantile Exchange and Two Former Employees (2013) CFTC 2013-02-21 $4m settled
CFTC v. Gelber Group (wash trading, 2013) CFTC 2013-02-08 Wash Trading $950k judgment
CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-02-06 Ponzi Schemes $1.1m settled
CFTC v. The Royal Bank of Scotland plc and RBS Securities Japan Limited (benchmark submission rigging, 2013) CFTC 2013-02-06 Benchmark Submission Rigging , Price Manipulation +1 $325m settled
CFTC v. Christy, Crabapple Capital Group (ponzi schemes, 2013) CFTC 2013-01-28 Ponzi Schemes $1.5m settled