CFTC Orders Aruba-based Copersucar Trading A.V.V. to Pay a $300,000 Penalty for Executing Wash Trades on ICE Wash trades / fictitious trading

CFTC release 7601-17 · 2017-08-16 · view on cftc.gov ↗

Key facts

Release number: 7601-17
Release date: 2017-08-16
Type: Wash trades / fictitious trading
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7601-17

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.