CFTC-PR-8848-24 (JAN. 16, 2024) Source: https://www.cftc.gov/PressRoom/PressReleases/8848-24 Download: CFTC-PR-8848-24 ⊗ (PDF) PRESS RELEASE | 8848-24 Commodity Futures Trading Commission Charges a Trader for Engaging in a Fictitious Sales Scheme Washington, D.C. — The Commodity Futures Trading Commission today filed a complaint in the U.S. District Court for the Central District of California against Yueyu Bao, a Chinese citizen, […]
Category: FICTITIOUS SALES SCHEME
Fictitious Sales in financial markets refer to transactions where securities are purportedly bought or sold but don’t involve a genuine change in ownership or economic interest. These sales are typically undertaken to manipulate market prices, deceive investors, or fabricate trading volumes. Fictitious sales not only distort market prices but also undermine the integrity and efficiency of financial markets, eroding investor confidence and potentially leading to significant losses for unsuspecting participants.
CFTC-PR-8846-24 (JAN. 5, 2024) Source: https://www.cftc.gov/PressRoom/PressReleases/8846-24 Download: CFTC-PR-8846-24 ⊗ (PDF) PRESS RELEASE | 8846-24 Commissioner Goldsmith Romero Announces Agenda for January 8 Technology Advisory Committee Meeting on Artificial Intelligence, Cybersecurity, Decentralized Finance Washington, D.C. — Commissioner Christy Goldsmith Romero, sponsor of the Commodity Futures Trading Commission’s Technology Advisory Committee (TAC), today announced a detailed agenda for […]