CFTC Orders UK Trader to Pay $150,000 and Imposes a One-Year Trading Ban for Spoofing in WTI Futures Spoofing

CFTC release 8760-23 · 2023-08-01 · view on cftc.gov ↗

Key facts

Release number
8760-23
Release date
2023-08-01
Type
Spoofing
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8760-23

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.