Category: Market Manipulation

Commodity Market Manipulation involves artificially influencing the prices of commodities, such as oil, gold, or agricultural products, to benefit a specific party at the expense of others. This can be achieved through various tactics, including creating false supply and demand signals, executing large trades to distort market prices, or spreading misleading information. Manipulation undermines the integrity of the market, leads to inefficient pricing, and can harm both producers and consumers by creating volatility and unpredictability. Regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) in the U.S., are tasked with detecting and preventing such practices to maintain fair and transparent markets.

CFTC-PR-8953-24

Categories CFTC CFTC-24 CFTC-2408 Companies in the News Federal News Sources Market Manipulation TOTSA TotalEnergies Trading SA

CFTC-PR-8953-24 (Aug. 27, 2024)

CFTC Orders Swiss Energy Trader to Pay $48 Million for Attempted Market Manipulation – TOTSA Attempted to Manipulate the Market for EBOB-Linked Futures Contracts

Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against TOTSA TotalEnergies Trading SA, formerly known as TOTSA Total Oil Trading SA (TOTSA), for attempting to manipulate the market for EBOB-linked futures contracts in order to benefit its derivatives positions in violation of the Commodity Exchange Act (CEA) and CFTC regulations. TOTSA is not registered with the CFTC.

CFPB News Release - CFTC-PR-8953-24

PR-8953-24

Date: Aug. 27, 2024

Accessed: Aug. 27, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8953-24

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CFTC-PR-8953-24