Federal Court in Chicago Orders U.K. Resident Navinder Singh Sarao to Pay More than $38 Million in Monetary Sanctions for Price Manipulation and Spoofing Spoofing

CFTC release 7486-16 · 2016-11-18 · view on cftc.gov ↗

Key facts

Release number: 7486-16
Release date: 2016-11-18
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7486-16

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.