CFTC Orders Vitol Inc. to Pay $95.7 Million for Corruption-Based Fraud and Attempted Manipulation Market manipulation

CFTC release 8326-20 · 2020-12-03 · view on cftc.gov ↗

Key facts

Release number
8326-20
Release date
2020-12-03
Type
Market manipulation
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8326-20

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.