CFTC Orders UBS to Pay $700 Million Penalty to Settle Charges of Manipulation, Attempted Manipulation and False Reporting of LIBOR and Other Benchmark Interest Rates Market manipulation

CFTC release 6472-12 · 2012-12-20 · view on cftc.gov ↗

Key facts

Release number: 6472-12
Release date: 2012-12-20
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6472-12

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.