CFTC Orders Merrill Lynch Commodities, Inc. to Pay Approximately $25 Million for Spoofing, Manipulation, and Attempted Manipulation in Precious Metals Futures Spoofing

CFTC release 7946-19 · 2019-06-25 · view on cftc.gov ↗

Key facts

Release number: 7946-19
Release date: 2019-06-25
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7946-19

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.