# CFTC SETTLES CHARGES AGAINST THREE UK-BASED TRADING FIRMS FOR PARTICIPATING IN ILLEGAL WASH TRADES ON U.S. MARKETS; Fimat International Banque SA, Refco Overseas Ltd. and Credit Lyonnais Rouse Limited Ordered to Pay Total of $75,000 in Civil Penalties

> CFTC release 5002-04 · 2004-10-04 · **Wash trades / fictitious trading** · ENFORCEMENT

## Key facts

- **Release number:** 5002-04
- **Release date:** 2004-10-04
- **Type:** Wash trades / fictitious trading
- **Title:** CFTC SETTLES CHARGES AGAINST THREE UK-BASED TRADING FIRMS FOR PARTICIPATING IN ILLEGAL WASH TRADES ON U.S. MARKETS; Fimat International Banque SA, Refco Overseas Ltd. and Credit Lyonnais Rouse Limited Ordered to Pay Total of $75,000 in Civil Penalties
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5002-04

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5002-04, "CFTC SETTLES CHARGES AGAINST THREE UK-BASED TRADING FIRMS FOR PARTICIPATING IN ILLEGAL WASH TRADES ON U.S. MARKETS; Fimat International Banque SA, Refco Overseas Ltd. and Credit Lyonnais Rouse Limited Ordered to Pay Total of $75,000 in Civil Penalties", 2004-10-04. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/cftc-action/5002-04.

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