CEA s.4c(a) and Regulation 1.38

Bans wash and fictitious sales in futures, and Regulation 1.38 requires trades to be executed openly and competitively. 9 records cite it, filed 2013 to 2017.

United States · Commodity Exchange Act · 7 U.S.C. 6c(a); 17 C.F.R. 1.38

Official text: 7 U.S.C. 6c (LII) · 17 C.F.R. 1.38 (LII)

Counts

By year filed

2013: 1
2014: 3
2015: 1
2016: 2
2017: 2

By agency

CFTC: 9

By status

Judgment entered: 8
Settled: 1

Technique mix

wash trading: 5
matched orders: 3

Most recent matched records

CFTC v. Aruba-based Copersucar Trading A.V.V. (wash trading, 2017) (2017-08-15)
CFTC v. Rosenthal Collins Capital Markets LLC (wash trading, 2017) (2017-06-29)
CFTC v. SG Americas Securities (wash trading, 2016) (2016-09-28)
CFTC v. Michael Pucciarelli and Badge Trading LLC (non-bona fide exchange for physical transactions, 2016) (2016-04-05)
CFTC v. Cargill de México SA De CV (wash trading, 2015) (2015-09-24)
CFTC v. Fan Zhang (matched orders, 2014) (2014-09-29)
CFTC v. Absa Bank, Ltd. (matched orders, 2014) (2014-09-25)
CFTC v. FirstRand Bank, Ltd. (matched orders, 2014) (2014-08-27)
CFTC v. Kevin McLaren (wash trading, 2013) (2013-04-29)

All 9 matched records

What this does not show

These are statutes cited in the record's document where it charges, finds or alleges a violation, not necessarily proven ones. Dismissed and pending matters count as alleged. A release that names no section is not matched, so counts understate use of this provision. The plain-language meaning is a summary, not legal advice.