CFTC Charges U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC with Price Manipulation and Spoofing Spoofing

CFTC release 7156-15 · 2015-04-22 · view on cftc.gov ↗

Key facts

Release number
7156-15
Release date
2015-04-22
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7156-15

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.