Market Manipulation. Search

CFTC manipulation enforcement actions

This library records 349 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
$4.3bn
Median penalty
$1.9m
Largest
$1.4bn
Criminal parallel
34%
Action Agency Filed Technique Penalty Status
CFTC v. Adam Flavin (price manipulation, 2018) CFTC 2018-09-26 Price Manipulation $1.3m judgment
CFTC v. Two Commodity Traders (price manipulation, 2018) CFTC 2018-09-26 Price Manipulation $125k judgment
CFTC v. Mizuho Bank (spoofing, 2018) CFTC 2018-09-21 Spoofing $250k judgment
CFTC v. Geneva Trading USA (spoofing, 2018) CFTC 2018-09-20 Spoofing $1.5m judgment
CFTC v. Bank of America (benchmark submission rigging, 2018) CFTC 2018-09-19 Benchmark Submission Rigging , Price Manipulation $30m judgment
CFTC v. Futures Trader and Trading Firm (cash vs derivatives schemes, 2018) CFTC 2018-09-19 Cash Vs Derivatives Schemes , Spoofing $1.8m judgment
CFTC v. ICAP Capital Markets LLC (benchmark submission rigging, 2018) CFTC 2018-09-18 Benchmark Submission Rigging , Price Manipulation $50m judgment
CFTC v. BNP Paribas (benchmark submission rigging, 2018) CFTC 2018-08-29 Benchmark Submission Rigging , Price Manipulation $90m judgment
CFTC v. Commodity Trading Firm (price manipulation, 2018) CFTC 2018-07-12 Price Manipulation $3.4m judgment
CFTC v. JPMorgan Chase Bank (benchmark submission rigging, 2018) CFTC 2018-06-18 Benchmark Submission Rigging , Price Manipulation $65m judgment
CFTC v. Société Générale S.A. (benchmark submission rigging, 2018) CFTC 2018-06-04 Benchmark Submission Rigging , Price Manipulation $475m judgment
CFTC v. Alcibiades Cifuentes (ponzi schemes, 2018) CFTC 2018-05-08 Ponzi Schemes $1.8m judgment
CFTC v. Charles H. McAllister of Alabama (ponzi schemes, 2018) CFTC 2018-04-30 Ponzi Schemes filed
CFTC v. Glencore Agriculture B.V. and Glencore Ltd. (wash trading, 2018) CFTC 2018-04-30 Wash Trading $2m judgment
CFTC v. The Kane Capital Investment Group (ponzi schemes, 2018) CFTC 2018-04-12 Ponzi Schemes filed
CFTC v. Floor Broker 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 filed
CFTC v. Deutsche Bank (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $30m judgment
CFTC v. HSBC Securities (USA) Inc. Pay $1.6 Million Penalty (spoofing, 2018) CFTC 2018-01-29 Spoofing $1.6m judgment
CFTC v. James Vorley and Cedric Chanu (spoofing, 2018) CFTC 2018-01-29 Spoofing filed
CFTC v. Jiongsheng Zhao (spoofing, 2018) CFTC 2018-01-29 Spoofing filed
CFTC v. Jitesh Thakkar and Edge Financial Technologies (spoofing, 2018) CFTC 2018-01-29 Spoofing filed
CFTC v. Three Banks (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $1.6m judgment
CFTC v. Trader Krishna Mohan (spoofing, 2018) CFTC 2018-01-29 Spoofing filed
CFTC v. UBS (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $15m judgment
CFTC v. Randall Crater (ponzi schemes, 2018) CFTC 2018-01-24 Ponzi Schemes filed
CFTC v. Colorado Resident Dillon Michael Dean and His Company (ponzi schemes, 2018) CFTC 2018-01-19 Ponzi Schemes filed
CFTC v. unnamed respondents (spoofing, 2017) CFTC 2017-11-22 Spoofing , Wash Trading unknown
CFTC v. INTL FCStone Financial Inc. and FCStone Merchant Services LLC (wash trading, 2017) CFTC 2017-11-14 Wash Trading $280k judgment
CFTC v. Statoil ASA (price manipulation, 2017) CFTC 2017-11-14 Price Manipulation , Settlement Price Manipulation $4m judgment
CFTC v. Arab Global Commodities DMCC (spoofing, 2017) CFTC 2017-10-10 Spoofing $300k judgment
CFTC v. California Residents Hasan Sarwar a/k/a Alexander Sarwar (ponzi schemes, 2017) CFTC 2017-09-30 Ponzi Schemes filed
CFTC v. Logista Advisors LLC (spoofing, 2017) CFTC 2017-09-30 Spoofing $250k judgment
CFTC v. Connecticut-Based Tillage Commodities (spoofing, 2017) CFTC 2017-09-29 Spoofing $150k judgment
CFTC v. Nicholas Gelfman and Gelfman Blueprint (ponzi schemes, 2017) CFTC 2017-09-22 Ponzi Schemes filed
CFTC v. South Carolina Resident Thomas Lanzana (ponzi schemes, 2017) CFTC 2017-08-25 Ponzi Schemes filed
CFTC v. Aruba-based Copersucar Trading A.V.V. (wash trading, 2017) CFTC 2017-08-16 Wash Trading $300k judgment
CFTC v. The Bank (spoofing, 2017) CFTC 2017-08-08 Spoofing $600k judgment
CFTC v. New York Trader Simon Posen (spoofing, 2017) CFTC 2017-07-27 Spoofing $635k judgment
CFTC v. unnamed respondents (spoofing, 2017) CFTC 2017-06-30 Spoofing $350k judgment
CFTC v. Rosenthal Collins Capital Markets LLC (wash trading, 2017) CFTC 2017-06-30 Wash Trading $5m judgment
CFTC v. David Liew (price manipulation, 2017) CFTC 2017-06-03 Price Manipulation , Spoofing judgment
CFTC v. Former Citigroup Global Markets Inc. Traders Stephen Gola and Jonathan Brims (cash vs derivatives schemes, 2017) CFTC 2017-03-31 Cash Vs Derivatives Schemes , Spoofing $350k judgment
CFTC v. Carlos Javier Ramirez and His Companies (ponzi schemes, 2017) CFTC 2017-02-15 Ponzi Schemes filed
CFTC v. The Royal Bank of Scotland (benchmark submission rigging, 2017) CFTC 2017-02-04 Benchmark Submission Rigging , Price Manipulation $85m judgment
CFTC v. Florida Residents Anthony J. Klatch II and Lindsey Heim (ponzi schemes, 2017) CFTC 2017-01-27 Ponzi Schemes judgment
CFTC v. unnamed respondents (spoofing, 2017) CFTC 2017-01-19 Spoofing unknown
CFTC v. Citigroup Global Markets Inc. (cash vs derivatives schemes, 2017) CFTC 2017-01-19 Cash Vs Derivatives Schemes , Spoofing $25m judgment
CFTC v. Goldman Sachs (benchmark submission rigging, 2016) CFTC 2016-12-22 Benchmark Submission Rigging , Price Manipulation $120m judgment
CFTC v. Defendants Igor B. Oystacher (spoofing, 2016) CFTC 2016-12-21 Spoofing $2.5m judgment
CFTC v. unnamed respondents (wash trading, 2016) CFTC 2016-12-15 Wash Trading $1.2m filed
CFTC v. Former CBOE Member Alvin (ponzi schemes, 2016) CFTC 2016-12-01 Ponzi Schemes $12.4m judgment
CFTC v. unnamed respondents (spoofing, 2016) CFTC 2016-11-22 Spoofing , Wash Trading unknown
CFTC v. Navinder Singh Sarao (layering, 2016) CFTC 2016-11-18 Layering , Price Manipulation +1 $38m judgment
CFTC v. U.K. Resident Navinder Singh (price manipulation, 2016) CFTC 2016-11-10 Price Manipulation , Spoofing settled
CFTC v. New Jersey Residents Alcibiades Cifuentes and Jennifer Wee Cifuentes (ponzi schemes, 2016) CFTC 2016-10-01 Ponzi Schemes filed
CFTC v. Advanced Trading Workshop (newsletter scalping, 2016) CFTC 2016-09-28 Newsletter Scalping , Paid Stock Promotion $470k judgment
CFTC v. SG Americas Securities (wash trading, 2016) CFTC 2016-09-28 Wash Trading $750k judgment
CFTC v. JSC VTB Bank and VTB Capital PLC Jointly (wash trading, 2016) CFTC 2016-09-20 Wash Trading $5m judgment
CFTC v. unnamed respondents (insider trading, 2016) CFTC 2016-08-17 Insider Trading judgment
CFTC v. John D. Briner (custodianship shell hijacking, 2016) CFTC 2016-08-03 Custodianship Shell Hijacking $280k judgment
CFTC v. Defendants Matthew J. Marcus (custodianship shell hijacking, 2016) CFTC 2016-07-08 Custodianship Shell Hijacking $250k judgment
CFTC v. Naples (ponzi schemes, 2016) CFTC 2016-07-06 Ponzi Schemes $7.5m judgment
CFTC v. Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Entities (ponzi schemes, 2016) CFTC 2016-06-29 Ponzi Schemes filed
CFTC v. Haena Park and Her Companies Phaetra Capital GP LLC (ponzi schemes, 2016) CFTC 2016-06-04 Ponzi Schemes filed
CFTC v. Citibank (benchmark submission rigging, 2016) CFTC 2016-05-26 Benchmark Submission Rigging , Price Manipulation $175m judgment
CFTC v. CFTC Defendants Heet Khara (spoofing, 2016) CFTC 2016-04-06 Spoofing $2.7m judgment
CFTC v. Staten Island-Resident Michael Pucciarelli and his Company (wash trading, 2016) CFTC 2016-04-06 Wash Trading $280k judgment
CFTC v. unnamed respondents (ponzi schemes, 2016) CFTC 2016-02-09 Ponzi Schemes $8.2m judgment
CFTC v. Defendant Nikolai S. Battoo (ponzi schemes, 2016) CFTC 2016-01-14 Ponzi Schemes $147m judgment
CFTC v. Total Gas (price manipulation, 2015) CFTC 2015-12-08 Price Manipulation $3.6m judgment
CFTC v. Arya Motazedi (front running, 2015) CFTC 2015-12-03 Front Running , Insider Trading $100k judgment
CFTC v. Navinder Sarao (benchmark submission rigging, 2015) CFTC 2015-11-07 Benchmark Submission Rigging , Ponzi Schemes +3 $1.6m judgment
CFTC v. John R. Bullar (ponzi schemes, 2015) CFTC 2015-10-21 Ponzi Schemes unknown
CFTC v. Watson (ponzi schemes, 2015) CFTC 2015-10-21 Ponzi Schemes $27m judgment
CFTC v. Chicago Trader Igor B. Oystacher & His Proprietary Trading Company (spoofing, 2015) CFTC 2015-10-20 Spoofing unknown
CFTC v. Cargill de México SA De CV (wash trading, 2015) CFTC 2015-09-25 Wash Trading $500k judgment
CFTC v. TeraExchange LLC (wash trading, 2015) CFTC 2015-09-25 Wash Trading judgment
CFTC v. Ron Earl McCullough (ponzi schemes, 2015) CFTC 2015-08-29 Ponzi Schemes $2.5m judgment
CFTC v. Keith F. Simmons (ponzi schemes, 2015) CFTC 2015-08-01 Ponzi Schemes settled
CFTC v. Defendant Carl David Wright (ponzi schemes, 2015) CFTC 2015-07-11 Ponzi Schemes $1m settled
CFTC v. Illinois Resident Nick A. Wurl and His Company Ludiera Capital LLC (ponzi schemes, 2015) CFTC 2015-06-25 Ponzi Schemes filed
CFTC v. Joseph F. Welsh III (price manipulation, 2015) CFTC 2015-06-20 Price Manipulation , Settlement Price Manipulation $500k judgment
CFTC v. Barclays (benchmark submission rigging, 2015) CFTC 2015-05-21 Benchmark Submission Rigging , Price Manipulation $115m judgment
CFTC v. of Attempted Manipulation and False Reporting of Foreign Exchange Benchmark Rates (benchmark submission rigging, 2015) CFTC 2015-05-21 Benchmark Submission Rigging , FX Fixing +1 $400m judgment
CFTC v. United Arab Emirates Residents Heet Khara and Nasim Salim (spoofing, 2015) CFTC 2015-05-06 Spoofing judgment
CFTC v. North Carolina Resident Barry C. Taylor and His Companies (ponzi schemes, 2015) CFTC 2015-05-01 Ponzi Schemes filed
CFTC v. of Manipulation (benchmark submission rigging, 2015) CFTC 2015-04-24 Benchmark Submission Rigging , FX Fixing +1 $800m judgment
CFTC v. U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC (layering, 2015) CFTC 2015-04-22 Layering , Price Manipulation +1 judgment
CFTC v. Florida Resident Dorian A. Garcia and his Companies (ponzi schemes, 2015) CFTC 2015-04-21 Ponzi Schemes filed
CFTC v. Kraft Foods Group (price manipulation, 2015) CFTC 2015-04-02 Price Manipulation unknown
CFTC v. Daniel Shak (price manipulation, 2015) CFTC 2015-03-31 Price Manipulation $100k judgment
CFTC v. Allied Markets LLC (ponzi schemes, 2015) CFTC 2015-01-13 Ponzi Schemes filed
CFTC v. Royal Bank (wash trading, 2014) CFTC 2014-12-19 Wash Trading $35m judgment
CFTC v. Five Banks (benchmark submission rigging, 2014) CFTC 2014-11-13 Benchmark Submission Rigging , FX Fixing +1 $1.4bn judgment
CFTC v. unnamed respondents (wash trading, 2014) CFTC 2014-11-07 Wash Trading filed
CFTC v. MF Global Inc. (boiler rooms, 2014) CFTC 2014-11-07 Boiler Rooms , Wash Trading settled
CFTC v. Defendant Eric Moncada (price manipulation, 2014) CFTC 2014-10-02 Price Manipulation , Wash Trading $1.6m judgment
CFTC v. Defendant Daniel Shak (price manipulation, 2014) CFTC 2014-10-01 Price Manipulation $400k filed