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

> CFTC release 7946-19 · 2019-06-25 · **Spoofing** · ENFORCEMENT

## Key facts

- **Release number:** 7946-19
- **Release date:** 2019-06-25
- **Type:** Spoofing
- **Title:** CFTC Orders Merrill Lynch Commodities, Inc. to Pay Approximately $25 Million for Spoofing, Manipulation, and Attempted Manipulation in Precious Metals Futures
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7946-19

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7946-19, "CFTC Orders Merrill Lynch Commodities, Inc. to Pay Approximately $25 Million for Spoofing, Manipulation, and Attempted Manipulation in Precious Metals Futures", 2019-06-25. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/cftc-action/7946-19.

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