In CFTC Actions, Two Former Precious Metals Traders Admit To Engaging in Spoofing and Manipulation at New York Banks Spoofing

CFTC release 7983-19 · 2019-07-25 · view on cftc.gov ↗

Key facts

Release number
7983-19
Release date
2019-07-25
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7983-19

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.