CFTC Orders HSBC Bank USA, N.A. to Pay a $45 Million Penalty for Manipulative and Deceptive Trading in Connection with Swaps Related to Bond Issuances, Spoofing, and Supervision and Mobile Device Recordkeeping Failures Spoofing

CFTC release 8702-23 · 2023-05-12 · view on cftc.gov ↗

Key facts

Release number: 8702-23
Release date: 2023-05-12
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8702-23

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.