Market Manipulation Spoofing Case Against Registered Swap Dealer
The Commodity Futures Trading Commission (CFTC) in May 2023 levied a $45 million fine against a tier-1 bank for engaging in spoofing in the US dollar swaps market, other deceptive and manipulative trading practices related to the bond issuer swaps market, and communication recordkeeping failures for mobile devices. This enforcement action is notable for applying …
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