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-8848-24

File ID:  CFTC-PR-8848-24 Date:  January 16, 2024 Accessed:  June 15, 2024 Source:  https://www.cftc.gov/PressRoom/PressReleases/8848-24 PDF Download (Links work in this file) Categories: Fictitious Sales Scheme Excerpt: Release Number 8848-24 CFTC Charges a Trader for Engaging in a Fictitious Sales Scheme January 16, 2024 Washington, D.C. — The Commodity Futures Trading Commission today filed a complaint in […]