# 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

> CFTC release 6472-12 · 2012-12-20 · **Market manipulation** · ENFORCEMENT

## Key facts

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

## 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 6472-12, "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", 2012-12-20. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/6472-12.

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