CFTC Orders Merrill, Lynch, Pierce, Fenner & Smith Incorporated to Pay $2.5 Million to Settle Charges of Supervision Failures and Recordkeeping Violations Settlement

CFTC release 7615-17 · 2017-09-23 · view on cftc.gov ↗

Key facts

Release number: 7615-17
Release date: 2017-09-23
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7615-17

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.