CFTC Orders Société Générale S.A. to Pay $475 Million Penalty to Resolve Charges of Manipulation, Attempted Manipulation, and False Reporting of LIBOR and Euribor Market manipulation

CFTC release 7736-18 · 2018-06-04 · view on cftc.gov ↗

Key facts

Release number: 7736-18
Release date: 2018-06-04
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7736-18

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.