CFTC Fines Singapore Company for Executing Illegal Wash Trades on U.S. Markets Wash trades / fictitious trading

CFTC release 4914-04 · 2004-04-15 · view on cftc.gov ↗

Key facts

Release number
4914-04
Release date
2004-04-15
Type
Wash trades / fictitious trading
Primary source
https://www.cftc.gov/PressRoom/PressReleases/4914-04

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.