CFTC Orders HSBC Securities (USA) Inc. Pay $1.6 Million Penalty for Spoofing In the Precious Metals Futures Markets Spoofing

CFTC release 7684-18 · 2018-01-29 · view on cftc.gov ↗

Key facts

Release number
7684-18
Release date
2018-01-29
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7684-18

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.