CFTC Orders JSC VTB Bank and VTB Capital PLC Jointly to Pay a $5 Million Civil Monetary Penalty for Unlawfully Executing Fictitious and Noncompetitive Block Trades of Russian Ruble/U.S. Dollar Futures Contracts Other enforcement

CFTC release 7446-16 · 2016-09-20 · view on cftc.gov ↗

Key facts

Release number: 7446-16
Release date: 2016-09-20
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7446-16

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.