Wash trading enforcement actions
This library records 108 enforcement actions tagged wash trading. Wash trading is buying and selling the same asset with no change in beneficial ownership and no market risk, so that a trade prints publicly and creates a false impression of activity or price.
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 wash trading technique page.
- Actions
- 8
- Total penalties
- $328m
- Median penalty
- $750k
- Largest
- $325m
- Criminal parallel
- 25%
| Action | Agency | Filed | Penalty | Status |
|---|---|---|---|---|
| OSC v. David De Gouveia (wash trading, 2014) | OSC | 2014-02-18 | — | unknown |
| CFTC v. David M. Nunn (wash trading, 2013) | CFTC | 2013-12-20 | $600k | judgment |
| CFTC v. UBS (benchmark submission rigging, 2013) | CFTC | 2013-10-25 | $1.5m | settled |
| CFTC v. Kevin McLaren (wash trading, 2013) | CFTC | 2013-04-30 | $200k | judgment |
| OSC v. Stephen Campbell (wash trading, 2013) | OSC | 2013-03-26 | — | filed |
| CFTC v. Gelber Group (wash trading, 2013) | CFTC | 2013-02-09 | $750k | judgment |
| CFTC v. The Royal Bank of Scotland plc and RBS Securities Japan Limited (benchmark submission rigging, 2013) | CFTC | 2013-02-07 | $325m | judgment |
| FCA v. The Royal Bank of Scotland plc (benchmark submission rigging, 2013) | FCA | 2013-02-06 | — | settled |