All posts tagged "Spoofing"
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294Australia & NZCFTC Penalises Australian Firm for Spoofing by Former Trader
The CFTC has ordered Propex Derivatives to pay $1mn, comprising restitution, disgorgement, and a civil monetary penalty. The DOJ has also entered a deferred prosecution agreement with the firm.
January 23, 2020 -
282EnforcementCFTC Penalises Mirae Asset Daewoo on Spoofing Charges
Mirae Asset will pay $700,000 to settle charges against Daewoo Securities, which it acquired in April 2016 — after the spoofing conduct at issue occurred.
January 15, 2020 -
598EnforcementThird Individual Jailed in SGX Derivatives Spoofing Case
The former proprietary trading firm director furnished a false statement to SGX Derivatives Trading with the intent of deceiving it about trading activities in futures contracts.
November 29, 2019 -
645EnforcementTwo Singaporeans Jailed for Spoofing Derivatives Market
Two former directors of proprietary trading company Joerik Financial were jailed for fraud and dishonest conduct in relation to the trading of futures contracts.
October 8, 2019 -
1.0KEnforcementKRX Fines Merrill Lynch for High-Frequency Trading Activities
KRX found that over an eight-month period, Merrill Lynch's Seoul branch engaged in 6,220 high-frequency trades on behalf of a foreign hedge fund.
July 17, 2019 -
844EnforcementSingapore Charges Three for Spoofing Index Futures
In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.
March 28, 2019 -
1.3KEnforcementCFTC Imposes Fine on Mizuho Bank in Spoofing Case
A trader placed multiple large orders on CME and CBOT futures contracts from Mizuho's Singapore office with no intention of executing them.
September 25, 2018 -
682Australia & NZ
HSBC, Australian Trader Involved in Spate of US ‘Spoofing’ Cases
HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.
January 31, 2018 -
China
Shanghai Futures Exchange Flags Abnormal Market Behaviours
More than half of abnormal transactions which require disciplinary action by futures exchange involve the frequent placing and cancellation of orders.
September 18, 2017 -
India
Japanese Regulator Recommends Morgan Stanley Fine
SESC suggests unit be fined $1.9mn for market manipulation including placing orders without intent to trade.
December 7, 2016
