CFTC v. Parnon Energy Inc., Arcadia Petroleum Ltd., Arcadia Energy (Suisse) SA, James Dyer and Nicholas Wildgoose (price manipulation, 2014)

Settled

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In August 2014 the CFTC announced a federal court consent order imposing a $13 million civil penalty on Parnon Energy Inc., Arcadia Petroleum Ltd. and Arcadia Energy (Suisse) SA in the CFTC's crude oil manipulation case, with limits on their physical market trading; the case also named traders James Dyer and Nicholas Wildgoose.

The record

What was ordered

Civil penalty

$13m

Disgorgement

—

Prejudgment interest

—

Total relief

$13m

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Commodity Futures Trading Commission announced this matter on August 5, 2014 as release 6971-14. The respondents named are Parnon Energy Inc., Arcadia Petroleum Ltd., Arcadia Energy (Suisse) SA, James Dyer and Nicholas Wildgoose (2 individuals, 3 entities). The action was brought in the U.S. District Court, Southern District of New York.

This library tags the matter as price manipulation, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against commodities and futures, with NYMEX identified in the release.

The relief recorded in our data is a civil monetary penalty of $13 million. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Price manipulation — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2014-08-04 CFTC release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• CFTC release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.