CFTC Orders Former Citigroup Global Markets Inc. Traders Stephen Gola and Jonathan Brims to Pay $350,000 and $200,000, Respectively, and Bans Them from Trading for 6 Months for Spoofing in U.S. Treasury Futures Markets Spoofing

CFTC release 7542-17 · 2017-03-31 · view on cftc.gov ↗

Key facts

Release number: 7542-17
Release date: 2017-03-31
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7542-17

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.