CFTC Fines Spoofing Bank Who Reported The Issue FirstMark Melin
The Commodity Futures Trading Commission recently fined The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU) $600,000 in a “spoofing” case that illustrates how internal bank risk controls are now rooting out bad apples. The market manipulation fine was a “substantially reduced penalty” due to the fact the bank identified and reported the " Market Manipulation " , the CFTC said in a statement.
Market Manipulation - Most of the spoofing behavior took place in the wake . . .
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