CFTC Orders Chicago Trading Firm Belvedere Trading LLC to Pay $1.1 Million for Spoofing in the Financial Futures Markets Spoofing

CFTC release 8045-19 · 2019-10-01 · view on cftc.gov ↗

Key facts

Release number
8045-19
Release date
2019-10-01
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8045-19

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.