# 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

> CFTC release 7353-16 · 2016-04-06 · **Spoofing** · ENFORCEMENT

## Key facts

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

## 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 7353-16, "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", 2016-04-06. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/7353-16.

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