NorthWest Biotherapeutics Inc (NWBO)

[Smitty5150]

2021:

https://www.mahanyertl.com/2021/spoofing-sec-cftc-whistleblower-rewards/#:~:text=The%20Wall%20Street%20Journal%20claims%20that%20to%20date%2C,CFTC%20have%20also%20been%20aggressively%20prosecuting%20spoofing%20cases.

The Wall Street Journal claims that to date, 20 traders have been charged with spoofing. Those numbers only include criminal charges. The SEC and CFTC have also been aggressively prosecuting spoofing cases.

Last year the CFTC ordered JP Morgan Chase to pay a record $920 million fine in a civil spoofing case. The agency had accused the firm of manipulative and deceptive conduct and spoofing that spanned at least eight years and involved hundreds of thousands of spoof orders in precious metals and U.S. Treasury futures contracts on the Commodity Exchange, Inc., the New York Mercantile Exchange, and the Chicago Board of Trade.

In announcing the JP Morgan settlement, the CFTC said,

“Spoofing is illegal—pure and simple,” said CFTC Chairman Heath P. Tarbert. “This record-setting enforcement action demonstrates the CFTC’s commitment to being tough on those who intentionally break our rules, no matter who they are. Attempts to manipulate our markets won’t be tolerated. The CFTC will take all steps necessary to investigate and prosecute illegal activities that could ultimately undermine the integrity of the American free enterprise system.

“This action sends the important message that if you engage in manipulative and deceptive trade practices you will be caught, punished, and forced to give up your ill-gotten gains,” added Division of Enforcement Director James McDonald. “The CFTC is committed to working with our law enforcement and regulatory partners to eradicate this unlawful activity and to hold those responsible fully accountable.”