CFTC Orders Proprietary Trading Firm to Pay Record $67.4 Million for Engaging in a Manipulative and Deceptive Scheme and Spoofing Spoofing

CFTC release 8074-19 · 2019-11-07 · view on cftc.gov ↗

Key facts

Release number
8074-19
Release date
2019-11-07
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8074-19

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.