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US regulator CFTC to penalise European lenders for manipulation: Sources

Spokesmen for HSBC, Deutsche Bank and UBS declined to comment

Michelle Price | Reuters  |  Washington 

The US derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called “spoofing” and manipulation in the US futures market, three people with direct knowledge of the matter told Reuters. The enforcement action by the Commodity Futures Trading Commission (CFTC) is the result of a multi-agency investigation that also involves the Department of Justice (DoJ) and the Federal Bureau of Investigation (FBI) — the first of its kind for the CFTC, the people said. The fines for UBS and ...

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First Published: Sat, January 27 2018. 23:08 IST
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