CFTC Takes Early Enforcement Action Against “Spoofing” in Derivatives Markets

Banking, Derivatives, Energy Recently, the CFTC filed and simultaneously settled charges for $550,0000 against Bunge Global Markets, Inc. (“Bunge”) regarding allegations that Bunge employees had engaged in “spoofing” in the soybeans futures market.  While “spoofing” (bidding or offering with the intent to cancel such bid or offer before execution) will be explicitly illegal under provisions of the Dodd-Frank [...] Read more →

by Robert Fallon   |   April 13, 2011