CFTC Orders Goldman Sachs to Pay $120 Million Penalty for Attempted Manipulation of and False Reporting of U.S. Dollar ISDAFIX Benchmark Swap Rates Market manipulation

CFTC release 7505-16 · 2016-12-22 · view on cftc.gov ↗

Key facts

Release number: 7505-16
Release date: 2016-12-22
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7505-16

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.