Markets

Japanese Bank Fined $600,000 for ‘Spoofing’ U.S. Futures Markets

Japan’s largest bank agreed to pay $600,000 to settle civil charges by the Commodity Futures Trading Commission that one of its traders repeatedly disrupted trading in futures markets for more than five years.

The fine on Bank of Tokyo-Mitsubishi UFJ is the latest move in the CFTC’s crackdown on “spoofing,” an illegal strategy in which traders post orders to dupe other traders into believing there is genuine buying or selling…

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