Displaying results 51 - 60 of 95
CFTC Orders Citigroup Global Markets Inc. to Pay $25 Million for Spoofing in U.S. Treasury Futures Markets and for Related Supervision Failures
… Orders Citigroup Global Markets Inc. to Pay $25 Million for Spoofing in U.S. Treasury Futures Markets and for Related … against Citigroup Global Markets Inc. (Citigroup) for spoofing — bidding or offering with the intent to cancel the … of its employees and agents in conjunction with the spoofing orders. Citigroup’s unlawful conduct occurred …
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CFTC Charges U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC with Price Manipulation and Spoofing
… Nav Sarao Futures Limited PLC with Price Manipulation and Spoofing The CFTC Complaint Alleges that Defendants’ … with unlawfully manipulating, attempting to manipulate, and spoofing — all with regard to the E-mini S&P 500 near month … variety of exceptionally large, aggressive, and persistent spoofing tactics.  In particular, according to the …
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In CFTC Action, Court Orders Precious Metals Trader to Pay Penalty and Imposes Trading Ban for Spoofing and Deceptive or Manipulative Scheme
… Metals Trader to Pay Penalty and Imposes Trading Ban for Spoofing and Deceptive or Manipulative Scheme  Washington, … requiring him to pay a $100,000 civil monetary penalty for spoofing and engaging in a deceptive or manipulative scheme through his spoofing in violation of the Commodity Exchange Act (CEA) …
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CFTC Files Eight Anti-Spoofing Enforcement Actions against Three Banks (Deutsche Bank, HSBC & UBS) & Six Individuals
… January 29, 2018 CFTC Files Eight Anti-Spoofing Enforcement Actions against Three Banks (Deutsche … banks and six individuals involved in commodities fraud and spoofing schemes. Division of Enforcement Director James McDonald said, “Spoofing is a particularly pernicious example of bad actors …
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CFTC Orders Deutsche Bank to Pay $30 Million Penalty for Manipulation, Attempted Manipulation, and Spoofing In the Precious Metals Futures Markets
… Penalty for Manipulation, Attempted Manipulation, and Spoofing In the Precious Metals Futures Markets Deutsche … metals futures contracts by utilizing a variety of manual spoofing techniques with respect to precious metals futures … programs and systems and controls to detect and deter spoofing by DB personnel.  The Order recognizes that DB …
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CFTC Orders Chicago Trading Firm and Its Co-Founder to Pay $2.5 Million in Penalties for Spoofing and Manipulative Trading Scheme
… and Its Co-Founder to Pay $2.5 Million in Penalties for Spoofing and Manipulative Trading Scheme Washington, DC – … against Hard Eight Futures, LLC and Igor Chernomzav for spoofing – bidding or offering with the intent to cancel the … and Its Co-Founder to Pay $2.5 Million in Penalties for Spoofing and Manipulative Trading Scheme …
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CFTC Orders Merrill Lynch Commodities, Inc. to Pay Approximately $25 Million for Spoofing, Manipulation, and Attempted Manipulation in Precious Metals Futures
… Commodities, Inc. to Pay Approximately $25 Million for Spoofing, Manipulation, and Attempted Manipulation in … Inc. (MLCI), a provisionally registered swap dealer, for spoofing, manipulation, and attempted manipulation over a … That’s why we will continue to keep our markets free from spoofing and manipulation.” The Order specifically finds …
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CFTC Orders Futures Trader and Trading Firm to Pay $2.3 Million in Penalties for Cross-Market and Single-Market Spoofing and Manipulative Scheme
… Million in Penalties for Cross-Market and Single-Market Spoofing and Manipulative Scheme Washington, DC —The … Victory Asset, Inc. (Victory) and Michael D. Franko for spoofing—bidding or offering with the intent to cancel the … Period).  One aspect of scheme involved cross-market spoofing—i.e., spoofing in one market to benefit a position …
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Federal Court in Chicago Orders U.K. Resident Navinder Singh Sarao to Pay More than $38 Million in Monetary Sanctions for Price Manipulation and Spoofing
… Million in Monetary Sanctions for Price Manipulation and Spoofing Sarao Admits to Contributing to Extreme Order Book … with unlawfully manipulating, attempting to manipulate, spoofing, and use of a manipulative device — all with regard … commented: “As this case makes clear, the dangers of spoofing are real.  Mr. Sarao's spoof orders distorted …
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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
… and deceptive trading related to swaps with bond issuers, spoofing, and supervision and mobile device recordkeeping … has zero tolerance for manipulative, deceptive or spoofing transactions, including by registered swap … who supervised HSBC’s U.S. dollar swap desk, engaged in spoofing in the voice-brokered swaps market on a number of …
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