Federal Court Orders Precious Metals Traders to Pay Penalties and Imposes Trading Bans for Spoofing and Engaging in a Deceptive or Manipulative Scheme Spoofing

CFTC release 8511-22 · 2022-04-07 · view on cftc.gov ↗

Key facts

Release number: 8511-22
Release date: 2022-04-07
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8511-22

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.