CFTC v. Taishin Securities Co., Ltd. (wash trading, 2024)
Judgment entered
Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.
In October 2024, the CFTC settled charges against Taiwanese firm Taishin Securities Co., Ltd., ordering a US$200,000 penalty for wash sales and noncompetitive CME trades made while moving open futures positions from one broker to another.
The record
| Agency | CFTC |
|---|---|
| Release number | 8991-24 |
| Date filed | 2024-10-01 |
| Date resolved | 2024-10-01 |
| Status | judgment |
| Asset class | futures |
| Venue | CME |
| Criminal parallel | No |
| Defendants | Taishin Securities Co., Ltd. |
| Techniques | Wash trading |
What was ordered
- Civil penalty
- $200k
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- $200k
- Alleged gain
- —
What is alleged to have happened
The Commodity Futures Trading Commission announced this matter on October 1, 2024 as release 8991-24. The respondents named are Taishin Securities Co., Ltd. (0 individuals, 1 entity).
The order finds that around October 2022 a Taishin trader who had reached internal limits at one broker placed offsetting orders for the same delivery month and price on the CME so that positions could be transferred to the firm's account at a second broker.
This library tags the matter as wash trading, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.
A $200,000 civil monetary penalty and a cease-and-desist order.
Taishin consented to the order.
What technique is this, and how does it work?
This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.
- Wash trading — see how it works, what statute it engages, and every other action tagged the same way.
Timeline
- 2024-10-01 CFTC release published
Primary documents
Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.
Related actions
Other actions in the library sharing at least one technique tag with this one.