# French Company Banque CIAL Agrees to Pay Civil Penalty to Settle U.S. Commodity Futures Trading Commission Charges that it Engaged in Wash Sales in the Treasury Futures Markets

> CFTC release 5393-07 · 2007-09-29 · **Settlement** · ENFORCEMENT

## Key facts

- **Release number:** 5393-07
- **Release date:** 2007-09-29
- **Type:** Settlement
- **Title:** French Company Banque CIAL Agrees to Pay Civil Penalty to Settle U.S. Commodity Futures Trading Commission Charges that it Engaged in Wash Sales in the Treasury Futures Markets
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5393-07

## 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 5393-07, "French Company Banque CIAL Agrees to Pay Civil Penalty to Settle U.S. Commodity Futures Trading Commission Charges that it Engaged in Wash Sales in the Treasury Futures Markets", 2007-09-29. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/cftc-action/5393-07.

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