CFTC’s 2015 enforcement workload

December 25, 2015 12:00 PM

The Commodity Futures Trading Commission released its fiscal year 2015 enforcement numbers,
which showed that the agency filed 69 enforcement actions and levied a record $3.144 billion in civil monetary penalties. Here are the key numbers behind the CFTC’s 2015 enforcement workload. 

$2.8 billion: The amount collected and deposited at the U.S. Treasury--a new record.

$1.2 billion: The amount of money needed by MF Global to ensure claims of its 
customers. The company must also pay a $100 million civil penalty related to its misuse of 
customer funds.

$400 million: How much the CFTC ordered Barclays to pay over similar charges for 
rigging forex.

$40 million: The amount that U.K. trader Navinder Singh Sarao made during five years through manipulation and spoofing. He was arrested in April and is fighting extradition 
to the United States.

$5.4 million: The total that Kraft Foods and Mondelez Global allegedly earned through 
manipulation of the wheat markets.

$3 million: The penalty paid by ICE Futures over its failure to submit accurate and 
complete reports.

1,000: The amount of illegal wash sales, fictitious sales and noncompetitive transactions during a three-year period at the Royal Bank of Canada. 

Five: The number of orders laid out against Citibank, HSBC Bank, JP Morgan Chase, The Royal Bank of Scotland and UBS that imposed more than $1.4 billion in civil monetary penalties over the rigging of foreign exchange benchmark rates.

About the Author

Editor-in-Chief of Modern Trader, Daniel Collins is a 25-year veteran of the futures industry having worked on the trading floors of both the Chicago Board of Trade and Chicago Mercantile Exchange.