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

> CFTC release 8221-20 · 2020-08-19 · **Spoofing** · ENFORCEMENT

## Key facts

- **Release number:** 8221-20
- **Release date:** 2020-08-19
- **Type:** Spoofing
- **Title:** CFTC Orders The Bank of Nova Scotia to Pay Record $77.4 Million for Spoofing and Making False Statements
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8221-20

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 8221-20, "CFTC Orders The Bank of Nova Scotia to Pay Record $77.4 Million for Spoofing and Making False Statements", 2020-08-19. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/8221-20.

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