CFTC Finds Former Trader David Liew Engaged in Spoofing and Manipulation of the Gold and Silver Futures Markets and Permanently Bans Him from Trading and Other Activities in CFTC-Regulated Markets Spoofing

CFTC release 7567-17 · 2017-06-03 · view on cftc.gov ↗

Key facts

Release number: 7567-17
Release date: 2017-06-03
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7567-17

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.