CFTC Finds that Proprietary Trading Firm Arab Global Commodities DMCC Engaged in Spoofing of Copper Futures Contracts Spoofing

CFTC release 7627-17 · 2017-10-10 · view on cftc.gov ↗

Key facts

Release number
7627-17
Release date
2017-10-10
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7627-17

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.