Banging the close enforcement actions

This library records 3 enforcement actions tagged banging the close. Banging the close is trading heavily during the short window used to calculate a settlement price, in order to move that settlement in favour of a much larger position that references it.

Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the banging the close technique page.

Actions

3

Total penalties

$1.2m

Median penalty

$575k

Largest

$750k

Criminal parallel

0%