CFTC Orders Chicago Trading Firm and Its Co-Founder to Pay $2.5 Million in Penalties for Spoofing and Manipulative Trading Scheme Spoofing

CFTC release 8024-19 · 2019-09-30 · view on cftc.gov ↗

Key facts

Release number
8024-19
Release date
2019-09-30
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8024-19

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.