# CFTC Staff Issues No-Action Letter to UBS Europe SE Concerning Provision of Affiliate Support Activities

> CFTC release 9121-25 · 2025-09-12 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 9121-25
- **Release date:** 2025-09-12
- **Type:** Other enforcement
- **Title:** CFTC Staff Issues No-Action Letter to UBS Europe SE Concerning Provision of Affiliate Support Activities
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/9121-25

## 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 9121-25, "CFTC Staff Issues No-Action Letter to UBS Europe SE Concerning Provision of Affiliate Support Activities", 2025-09-12. Retrieved via AI Analytics 2026-06-16 from https://api.ai-analytics.org/cftc-action/9121-25.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*