Displaying results 51 - 60 of 193

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 …

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 …

Federal Court Orders Precious Metals Traders to Pay Penalties and Imposes Trading Bans for Spoofing and Engaging in a Deceptive or Manipulative Scheme

… and Cedric Chanu , former precious metals traders, for spoofing and engaging in a deceptive or manipulative scheme, … orders conclude that the defendants’ conduct constituted spoofing and a deceptive or manipulative scheme in violation … Jr., and Manal M. Sultan. The Division of Enforcement’s Spoofing Task Force also provided assistance. * * * * * * * …

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) …

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 …

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 …

Statement of Commissioner Kristin N. Johnson Regarding CFTC Orders Against HSBC for Fraudulent and Manipulative Swaps Trading and Spoofing, and for Recordkeeping and Supervision Failures

… (HSBC) for fraudulent and manipulative swaps trading and spoofing; and (ii) HSBC, HSBC Securities (USA) Inc., and … for the fraudulent and manipulative swaps trading and spoofing, and related violations, and the HSBC Affiliates to … HSBC’s fraudulent and manipulative swaps trading and spoofing constitute severe betrayals of client trust, …

CFTC Orders Minnesota Registrant to Pay $550,000 for Cross-Product, Cross-Calendar, and Single-Product Spoofing in Soybean Complex Futures

… trading advisor (CTA), headquartered in Minnesota, for spoofing by a former trader in soybean futures, soybean meal … the CFTC’s commitment to vigorously detect unlawful spoofing conduct, particularly when traders seek to avoid detection by engaging in cross-product spoofing,” said Acting Director of Enforcement Gretchen …

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 …

CFTC Submits Proposed Consent Order to Federal Court in Chicago that Would Resolve the CFTC’s Price Manipulation and Spoofing Action against U.K. Resident Navinder Singh Sarao

… that Would Resolve the CFTC’s Price Manipulation and Spoofing Action against U.K. Resident Navinder Singh Sarao Sarao Pleaded Guilty to Spoofing and Wire Fraud Charges in a Related Criminal Action … , with unlawfully manipulating, attempting to manipulate, spoofing, and use of a manipulative device — all with regard …