# CFTC Orders Four Financial Institutions to Pay Total of $260 Million for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods

> CFTC release 8762-23 · 2023-08-08 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 8762-23
- **Release date:** 2023-08-08
- **Type:** Other enforcement
- **Title:** CFTC Orders Four Financial Institutions to Pay Total of $260 Million for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8762-23

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 8762-23, "CFTC Orders Four Financial Institutions to Pay Total of $260 Million for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods", 2023-08-08. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/cftc-action/8762-23.

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