CFTC Orders Five Banks to Pay over $1.4 Billion in Penalties for Attempted Manipulation of Foreign Exchange Benchmark Rates Market manipulation

CFTC release 7056-14 · 2014-11-13 · view on cftc.gov ↗

Key facts

Release number
7056-14
Release date
2014-11-13
Type
Market manipulation
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7056-14

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.