Article: CFTC Settles With Morgan Stanley & Mitsubishi, $1.4 & $0.4 Million Fines For Spoofing Gold & Silver

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CFTC Settles With Morgan Stanley & Mitsubishi, $1.4 & $0.4 Million Fines For Spoofing Gold & Silver

Ottawa Bullion, 3 October 2019

The U.S. Commodity Futures Trading Commission today announced that civil enforcement actions were filed and simultaneously settled against two trading firms and one bank for violating the Commodity Exchange Act’s (CEA) prohibition on spoofing (bidding or offering with the intent to cancel the bid or offer before execution). These cases were brought in connection with the Division of Enforcement’s Spoofing Task Force.

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