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

> CFTC release 7156-15 · 2015-04-22 · **Spoofing** · ENFORCEMENT

## Key facts

- **Release number:** 7156-15
- **Release date:** 2015-04-22
- **Type:** Spoofing
- **Title:** CFTC Charges U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC with Price Manipulation and Spoofing
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7156-15

## 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 7156-15, "CFTC Charges U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC with Price Manipulation and Spoofing", 2015-04-22. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/cftc-action/7156-15.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*