CFTC Orders 11 Financial Institutions to Pay Over $710 Million for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods Other enforcement

CFTC release 8599-22 · 2022-09-27 · view on cftc.gov ↗

Key facts

Release number: 8599-22
Release date: 2022-09-27
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8599-22

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.