The U.S. Commodity Futures Trading Commission (CFTC) has reached a settlement with a swap trader accused of making false statements during an investigation into market manipulation. The trader will pay civil penalties and face other sanctions. The CFTC emphasized that providing false information to regulators is a serious violation.
The U.S. Commodity Futures Trading Commission (CFTC) said it has reached a settlement with a swap trader after accusing the trader of making false statements during the agency's probe into market manipulation. The CFTC said the trader gave it inaccurate information.
Under the deal, the trader will pay a civil monetary penalty and take on extra sanctions. That ends the commission's enforcement case tied to this matter. The commission said flatly that lying to regulators is serious misconduct.
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