CFTC Orders Bank of America, N.A. to Pay $30 Million Penalty for Attempted Manipulation and False Reporting of U.S. Dollar ISDAFIX Benchmark Swap Rates Market manipulation

CFTC release 7794-18 · 2018-09-19 · view on cftc.gov ↗

Key facts

Release number: 7794-18
Release date: 2018-09-19
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7794-18

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.