Federal Court Orders $14 Million in Fines and Disgorgement Stemming from CFTC Charges against Optiver and Others for Manipulation of NYMEX Crude Oil, Heating Oil, and Gasoline Futures Contracts and Making False Statements Market manipulation

CFTC release 6239-12 · 2012-04-20 · view on cftc.gov ↗

Key facts

Release number: 6239-12
Release date: 2012-04-20
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6239-12

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.