CFTC Orders The Bank of Nova Scotia to Pay Record $77.4 Million for Spoofing and Making False Statements Spoofing

CFTC release 8221-20 · 2020-08-19 · view on cftc.gov ↗

Key facts

Release number
8221-20
Release date
2020-08-19
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8221-20

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.