Settlement price manipulation enforcement actions
This library records 5 enforcement actions tagged settlement price manipulation. Settlement price manipulation is trading to move an official settlement price, because that price determines margin, portfolio marks and the payoff on contracts many times larger than the trading itself.
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 settlement price manipulation technique page.
- Actions
- 5
- Total penalties
- $4.9m
- Median penalty
- $500k
- Largest
- $4m
- Criminal parallel
- 0%
| Action | Agency | Filed | Penalty | Status |
|---|---|---|---|---|
| SEBI v. Aventis Biofeeds Private Limited and others (closing-session price ramp, Ruchi Soya, 2022) | SEBI (India) | 2022-04-29 | — | judgment |
| CFTC v. Statoil ASA (price manipulation, 2017) | CFTC | 2017-11-14 | $4m | settled |
| CFTC v. Joseph F. Welsh III (price manipulation, 2015) | CFTC | 2015-06-19 | $500k | judgment |
| CFTC v. Daniel Shak and SHK Management LLC (banging the close, 2013) | CFTC | 2013-11-25 | $400k | settled |
| CFTC v. Donald R. Wilson and DRW Investments, LLC (banging the close, 2013) | CFTC | 2013-11-06 | — | judgment |