Bank of Tokyo-Mitsubishi UFJ charged with spoofing in Treasury futures by CFTC

The Bank of Tokyo-Mitsubishi UFJ was charged by the Commodity Futures Trading Commission for engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures contracts based on United States treasury notes and Eurodollars. The CFTC fined the firm $600,000 over activities from 2009 to 2014, done by an employee using the firm’s Tokyo office trading platform. The bank voluntarily reported the infraction, the CFTC said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply