CFTC Orders Former Bank Trader and New York City Resident to Pay $360,000 Penalty in Connection with False Trading Reports Submitted to His Former Employer, Bank of America Other enforcement
Key facts
- Release number
- 5612-09
- Release date
- 2009-02-12
- Type
- Other enforcement
- Primary source
- https://www.cftc.gov/PressRoom/PressReleases/5612-09
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.