Market Manipulation. Search

CFTC manipulation enforcement actions

This library records 334 market manipulation enforcement actions brought by the Commodity Futures Trading Commission.

These are the CFTC actions our ingest has classified as involving a manipulation technique. Actions that do not allege manipulation are outside this library's scope and are not recorded, so this is not a complete mirror of CFTC enforcement.

Actions
100
Total penalties
$4bn
Median penalty
$1.9m
Largest
$1.5bn
Criminal parallel
31%
Action Agency Filed Technique Penalty Status
CFTC v. Alcibiades Cifuentes (ponzi schemes, 2018) CFTC 2018-05-08 Ponzi Schemes $1.8m judgment
CFTC v. Charles H. McAllister and BullionDirect (ponzi schemes, 2018) CFTC 2018-04-30 Ponzi Schemes — settled
CFTC v. Glencore Agriculture B.V. and Glencore Ltd. (wash trading, 2018) CFTC 2018-04-30 Wash Trading $2m judgment
CFTC v. Kantor et al. (rigged binary options execution, 2019) CFTC 2018-04-16 Rigged Binary Options Execution $2.8m judgment
CFTC v. Kane Capital Investment Group and Amrit Chahal (ponzi schemes, 2018) CFTC 2018-04-12 Ponzi Schemes — settled
CFTC v. Anuj C. Singhal (spoofing, 2018) CFTC 2018-04-09 Spoofing $150k judgment
CFTC v. Deutsche Bank Securities Inc. (benchmark submission rigging, 2018) CFTC 2018-02-01 Benchmark Submission Rigging , Price Manipulation $70m judgment
CFTC v. Andre Flotron (spoofing, 2018) CFTC 2018-01-29 Spoofing $100k settled
CFTC v. Deutsche Bank (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $30m judgment
CFTC v. HSBC Securities (USA) Inc. (spoofing, 2018) CFTC 2018-01-29 Spoofing $1.6m judgment
CFTC v. James Vorley and Cedric Chanu (spoofing, 2018) CFTC 2018-01-29 Spoofing $300k settled
CFTC v. Jiongsheng Zhao (spoofing, 2018) CFTC 2018-01-29 Spoofing — settled
CFTC v. Jitesh Thakkar and Edge Financial Technologies (spoofing, 2018) CFTC 2018-01-29 Spoofing $48.4k settled
CFTC v. Krishna Mohan (spoofing, 2018) CFTC 2018-01-29 Spoofing — settled
CFTC v. UBS (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $15m judgment
CFTC v. Dean and The Entrepreneurs Headquarters (ponzi schemes, 2018) CFTC 2018-01-18 Ponzi Schemes $1.5m judgment
CFTC v. Crater, Gillespie and My Big Coin Pay (ponzi schemes, 2018) CFTC 2018-01-16 Ponzi Schemes — settled
CFTC v. INTL FCStone Financial Inc. and FCStone Merchant Services LLC (exchange for related position transactions, 2017) CFTC 2017-11-14 $280k settled
CFTC v. Statoil ASA (price manipulation, 2017) CFTC 2017-11-14 Price Manipulation , Settlement Price Manipulation $4m settled
CFTC v. Arab Global Commodities DMCC (spoofing, 2017) CFTC 2017-10-10 Spoofing $300k judgment
CFTC v. Logista Advisors LLC (spoofing, 2017) CFTC 2017-09-29 Spoofing $250k judgment
CFTC v. Sarwar and Elfrimi (ponzi schemes, 2017) CFTC 2017-09-28 Ponzi Schemes — filed
CFTC v. Tillage Commodities, LLC (supervision failures, 2017) CFTC 2017-09-28 $150k judgment
CFTC v. Nicholas Gelfman and Gelfman Blueprint, Inc. (ponzi schemes, 2017) CFTC 2017-09-21 Ponzi Schemes $2m settled
CFTC v. Lanzana, Masanko, Blackbox Pulse and White Cloud Mountain (ponzi schemes, 2017) CFTC 2017-08-21 Ponzi Schemes $2m judgment
CFTC v. Aruba-based Copersucar Trading A.V.V. (wash trading, 2017) CFTC 2017-08-15 Wash Trading $300k judgment
CFTC v. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (spoofing, 2017) CFTC 2017-08-07 Spoofing $600k judgment
CFTC v. Simon Posen (spoofing, 2017) CFTC 2017-07-26 Spoofing $635k judgment
CFTC non-prosecution agreements with Jeremy Lao, Daniel Liao and Shlomo Salant (spoofing, 2017) CFTC 2017-06-29 Spoofing — settled
CFTC v. Rosenthal Collins Capital Markets LLC (wash trading, 2017) CFTC 2017-06-29 Wash Trading $5.2m judgment
CFTC v. David Liew (price manipulation, 2017) CFTC 2017-06-02 Price Manipulation , Spoofing — settled
CFTC v. Stephen Gola and Jonathan Brims (spoofing, 2017) CFTC 2017-03-30 Spoofing $550k judgment
CFTC v. Ramirez, Gold Chasers and Royal Leisure International (ponzi schemes, 2017) CFTC 2017-02-14 Ponzi Schemes $8.2m judgment
CFTC v. The Royal Bank of Scotland (benchmark submission rigging, 2017) CFTC 2017-02-03 Benchmark Submission Rigging , Price Manipulation $85m judgment
CFTC v. Klatch, Heim and Assurance Capital Management (2017) CFTC 2017-01-27 $1.8m judgment
CFTC v. Citigroup Global Markets Inc. (spoofing, 2017) CFTC 2017-01-19 Spoofing $25m judgment
CFTC v. Goldman Sachs (benchmark submission rigging, 2016) CFTC 2016-12-21 Benchmark Submission Rigging , Price Manipulation $120m judgment
CFTC v. Igor B. Oystacher and 3Red Trading LLC (spoofing, 2016) CFTC 2016-12-20 Spoofing $2.5m judgment
CFTC v. Yumin Li and Kering Capital Ltd (matched orders, 2016) CFTC 2016-12-14 Matched Orders $901k judgment
CFTC v. Former CBOE Member Alvin (ponzi schemes, 2016) CFTC 2016-11-30 Ponzi Schemes $12.4m judgment
CFTC v. Navinder Singh Sarao (layering, 2016) CFTC 2016-11-17 Layering , Price Manipulation +1 $25.7m judgment
CFTC v. Navinder Singh Sarao (spoofing, 2016) CFTC 2016-11-09 Price Manipulation , Spoofing — settled
CFTC v. Cifuentes, Wee and Cifuentes Fund Management (ponzi schemes, 2016) CFTC 2016-09-30 Ponzi Schemes $1.8m judgment
CFTC v. SG Americas Securities (wash trading, 2016) CFTC 2016-09-28 Wash Trading $750k judgment
CFTC v. Advanced Trading Workshop (2016) CFTC 2016-09-27 $470k settled
CFTC v. JSC VTB Bank and VTB Capital PLC Jointly (wash trading, 2016) CFTC 2016-09-19 Wash Trading $5m judgment
CFTC v. Steven A. Cohen (registration restricted, failure to supervise, 2016) CFTC 2016-08-16 — settled
CFTC v. John D. Briner and MetroWest Law Corporation (matched orders, 2016) CFTC 2016-08-02 Matched Orders $280k judgment
CFTC v. Matthew J. Marcus and Tech Power Inc. (matched orders, 2016) CFTC 2016-07-07 Matched Orders $250k judgment
CFTC v. Garcia, DG Wealth Management and Quanttra (ponzi schemes, 2016) CFTC 2016-07-05 Ponzi Schemes $7.5m judgment
CFTC v. Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Entities (ponzi schemes, 2016) CFTC 2016-06-28 Ponzi Schemes $12.4m judgment
CFTC v. Haena Park and Phaetra Capital (ponzi schemes, 2016) CFTC 2016-06-03 Ponzi Schemes $175k judgment
CFTC v. Citibank (benchmark submission rigging, 2016) CFTC 2016-05-25 Benchmark Submission Rigging , Price Manipulation $175m judgment
CFTC v. Heet Khara and Nasim Salim (spoofing, 2016) CFTC 2016-04-05 Spoofing $2.7m judgment
CFTC v. Michael Pucciarelli and Badge Trading LLC (non-bona fide exchange for physical transactions, 2016) CFTC 2016-04-05 $280k settled
CFTC v. 4X Solutions and Whileon Chay (ponzi schemes, 2016) CFTC 2016-02-08 Ponzi Schemes $8.2m judgment
CFTC v. Defendant Nikolai S. Battoo (2016) CFTC 2016-01-13 $147m judgment
CFTC v. Total Gas & Power North America, Inc. and Therese Tran (price manipulation, 2015) CFTC 2015-12-07 Price Manipulation $3.6m settled
CFTC v. Arya Motazedi (front running, 2015) CFTC 2015-12-02 Front Running , Insider Trading $100k judgment
CFTC v. Bullar and Executive Management Advisors (ponzi schemes, 2015) CFTC 2015-10-20 Ponzi Schemes $24.8m judgment
CFTC v. Watson (ponzi schemes, 2015) CFTC 2015-10-20 Ponzi Schemes $27m judgment
CFTC v. Igor B. Oystacher and 3 Red Trading LLC (spoofing, 2015) CFTC 2015-10-19 Spoofing $2.5m settled
CFTC v. Cargill de México SA De CV (wash trading, 2015) CFTC 2015-09-24 Wash Trading $500k judgment
CFTC v. TeraExchange LLC (wash trading, 2015) CFTC 2015-09-24 Wash Trading — judgment
CFTC v. Ron Earl McCullough (ponzi schemes, 2015) CFTC 2015-08-28 Ponzi Schemes $2.5m judgment
CFTC v. Simmons, Salazar and their companies (ponzi schemes, 2015) CFTC 2015-07-31 Ponzi Schemes $76m settled
CFTC v. Carl David Wright (ponzi schemes, 2015) CFTC 2015-07-10 Ponzi Schemes $1m settled
CFTC v. Wurl and Ludiera Capital (ponzi schemes, 2015) CFTC 2015-06-24 Ponzi Schemes — filed
CFTC v. Joseph F. Welsh III (price manipulation, 2015) CFTC 2015-06-19 Price Manipulation , Settlement Price Manipulation $500k judgment
CFTC v. Barclays (benchmark submission rigging, 2015) CFTC 2015-05-20 Benchmark Submission Rigging , Price Manipulation $115m judgment
CFTC v. Barclays Bank PLC (FX benchmark manipulation, 2015) CFTC 2015-05-20 Benchmark Submission Rigging , FX Fixing +1 $400m settled
CFTC v. Heet Khara and Nasim Salim (spoofing, 2015) CFTC 2015-05-05 Spoofing — judgment
CFTC v. Deutsche Bank AG (LIBOR and Euribor manipulation, 2015) CFTC 2015-04-23 Benchmark Submission Rigging , FX Fixing +1 $800m settled
CFTC v. Taylor, OTC Investments, Forex Currency Trade Advisors (ponzi schemes, 2015) CFTC 2015-04-21 Ponzi Schemes — filed
CFTC v. U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC (layering, 2015) CFTC 2015-04-21 Layering , Price Manipulation +1 $25.7m settled
CFTC v. Garcia, DG Wealth Management, Macroquantum Capital (ponzi schemes, 2015) CFTC 2015-04-14 Ponzi Schemes $7.5m judgment
CFTC v. Kraft Foods Group, Inc. and Mondelēz Global LLC (price manipulation, 2015) CFTC 2015-04-01 Price Manipulation $16m settled
CFTC v. Daniel Shak (2015) CFTC 2015-03-30 $100k judgment
CFTC v. Allied Markets, Gilliland, Wongkhiao (ponzi schemes, 2015) CFTC 2015-01-06 Ponzi Schemes — judgment
CFTC v. Royal Bank of Canada (wash trading, 2014) CFTC 2014-12-18 Wash Trading $35m judgment
CFTC v. Citibank, HSBC, JPMorgan, RBS and UBS (FX benchmark manipulation, 2014) CFTC 2014-11-12 Benchmark Submission Rigging , FX Fixing +1 $1.5bn settled
CFTC v. Emini Experts LLC and others (fraud and asset freeze, 2014) CFTC 2014-11-06 $2.1m judgment
CFTC v. Eric Moncada, BES Capital LLC and Serdika LLC (price manipulation, 2014) CFTC 2014-10-01 Price Manipulation , Spoofing +1 $1.6m judgment
CFTC v. Daniel Shak (order violation, 2014) CFTC 2014-09-30 $100k settled
CFTC v. Beatty, Peak Capital Management Group (ponzi schemes, 2014) CFTC 2014-09-30 Ponzi Schemes $1m judgment
CFTC v. Fan Zhang (matched orders, 2014) CFTC 2014-09-29 Matched Orders $250k judgment
CFTC v. Gerald J. Considine, Novo Trading LLC and Considine Trading Corp. (customer fund fraud, 2014) CFTC 2014-09-29 $1.7m judgment
CFTC v. Absa Bank, Ltd. (matched orders, 2014) CFTC 2014-09-25 Matched Orders $150k judgment
CFTC v. John R. Bullar and Executive Management Advisors L.L.C. (commodity pool Ponzi scheme, 2014) CFTC 2014-09-23 Ponzi Schemes — judgment
CFTC v. SAC LP (insider trading, 2014) CFTC 2014-09-16 Insider Trading — unknown
CFTC v. Brian Hunter (price manipulation, 2014) CFTC 2014-09-15 Price Manipulation $750k judgment
CFTC v. Morgan Stanley Smith Barney (2014) CFTC 2014-09-15 $280k judgment
CFTC v. Galemmo (ponzi schemes, 2014) CFTC 2014-09-15 Ponzi Schemes — settled
CFTC v. FirstRand Bank, Ltd. (matched orders, 2014) CFTC 2014-08-27 Matched Orders $150k judgment
CFTC v. John Aaron Brooks (mismarking, 2014) CFTC 2014-08-04 Mismarking $500k judgment
CFTC v. Parnon Energy Inc., Arcadia Petroleum Ltd., Arcadia Energy (Suisse) SA, James Dyer and Nicholas Wildgoose (price manipulation, 2014) CFTC 2014-08-04 Price Manipulation $13m settled
CFTC v. Vasquez, Vasquez Global Investments (ponzi schemes, 2014) CFTC 2014-07-30 Ponzi Schemes $995k judgment
CFTC v. Lloyds Banking Group and Lloyds Bank (benchmark submission rigging, 2014) CFTC 2014-07-28 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +1 $105m settled
CFTC v. Robert Andres (ponzi schemes, 2014) CFTC 2014-06-19 Ponzi Schemes $32.4m judgment
CFTC v. RP Martin Holdings Limited and Its Subsidiary (benchmark submission rigging, 2014) CFTC 2014-05-15 Benchmark Submission Rigging , Price Manipulation +1 $1.2m settled