Federal Court Orders UAE Residents Heet Khara and Nasim Salim to Pay Combined Civil Monetary Penalties of $2.69 Million for Spoofing in the Gold and Silver Futures Markets Spoofing

CFTC release 7353-16 · 2016-04-06 · view on cftc.gov ↗

Key facts

Release number: 7353-16
Release date: 2016-04-06
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7353-16

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.