On January 29, 2018, the CFTC and the DOJ coordinated announcements regarding the filing of civil enforcement actions by the CFTC, naming five corporations and six individuals, and the filing of criminal actions by the DOJ against eight individuals (including six of the same persons named in the CFTC actions), for engaging in, or aiding and abetting, spoofing in the U.S. futures markets. The CFTC actions imposed fines ranging from $1.6 million to $30 million, which was the highest CFTC spoofing penalty to date. The announcement also marked the largest futures market criminal enforcement action in the history of the DOJ.

Continue Reading →