{
  "version": "https://jsonfeed.org/version/1.1",
  "title": "Market Manipulation: Settlement price manipulation enforcement actions",
  "home_page_url": "https://marketmanipulation.org/cases/technique/settlement-price-manipulation/",
  "feed_url": "https://marketmanipulation.org/feeds/technique/settlement-price-manipulation.json",
  "description": "The 4 most recent enforcement records tagged settlement price manipulation in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.",
  "language": "en-US",
  "items": [
    {
      "id": "https://marketmanipulation.org/cases/cftc-statoil-asa-settlement-price-manipulation-2017/",
      "url": "https://marketmanipulation.org/cases/cftc-statoil-asa-settlement-price-manipulation-2017/",
      "external_url": "https://www.cftc.gov/PressRoom/PressReleases/7643-17",
      "title": "CFTC v. Statoil ASA (price manipulation, 2017)",
      "summary": "In 2017, the Commodity Futures Trading Commission obtained a judgment against Statoil ASA, alleging conduct this library classifies as price manipulation and settlement price manipulation. The release records a civil penalty of $4 million.",
      "date_published": "2017-11-14T00:00:00.000Z",
      "tags": [
        "CFTC",
        "price-manipulation",
        "settlement-price-manipulation"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/cftc-joseph-f-welsh-iii-settlement-price-manipulation-2015/",
      "url": "https://marketmanipulation.org/cases/cftc-joseph-f-welsh-iii-settlement-price-manipulation-2015/",
      "external_url": "https://www.cftc.gov/PressRoom/PressReleases/7188-15",
      "title": "CFTC v. Joseph F. Welsh III (price manipulation, 2015)",
      "summary": "In 2015, the Commodity Futures Trading Commission obtained a judgment against Joseph F. Welsh III, alleging conduct this library classifies as price manipulation and settlement price manipulation. The release records a civil penalty of $500,000.",
      "date_published": "2015-06-19T00:00:00.000Z",
      "tags": [
        "CFTC",
        "price-manipulation",
        "settlement-price-manipulation"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/cftc-of-attempted-manipulation-of-nymex-crude-oil-futures-contracts-banging-the-/",
      "url": "https://marketmanipulation.org/cases/cftc-of-attempted-manipulation-of-nymex-crude-oil-futures-contracts-banging-the-/",
      "external_url": "https://www.cftc.gov/PressRoom/PressReleases/6781-13",
      "title": "CFTC v. Daniel Shak and SHK Management LLC (banging the close, 2013)",
      "summary": "In November 2013 the CFTC issued an order settling charges against Daniel Shak and SHK Management LLC for attempting to manipulate NYMEX WTI crude oil futures prices and exceeding spot-month position limits on two days in 2008. They jointly pay $400,000, are permanently barred from crude oil markets and banned from trading outrights during the close for two years.",
      "date_published": "2013-11-25T00:00:00.000Z",
      "tags": [
        "CFTC",
        "banging-the-close",
        "price-manipulation",
        "settlement-price-manipulation"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/cftc-donald-r-wilson-and-his-company-banging-the-close-2013/",
      "url": "https://marketmanipulation.org/cases/cftc-donald-r-wilson-and-his-company-banging-the-close-2013/",
      "external_url": "https://www.cftc.gov/PressRoom/PressReleases/6766-13",
      "title": "CFTC v. Donald R. Wilson and DRW Investments, LLC (banging the close, 2013)",
      "summary": "In November 2013 the CFTC filed a complaint in the Southern District of New York charging Donald Wilson and DRW Investments, LLC with manipulating the IDEX USD three-month interest rate swap futures contract by banging the close in 2011. After a bench trial the court ruled on November 30, 2018 that the CFTC had not proved manipulation or attempted manipulation and entered judgment for the defendants, and the CFTC later said it would not appeal.",
      "date_published": "2013-11-06T00:00:00.000Z",
      "tags": [
        "CFTC",
        "banging-the-close",
        "price-manipulation",
        "settlement-price-manipulation"
      ]
    }
  ]
}