To settle the charges, Mitsubishi agreed to (i) cease and desist from further violating CFTC rules, (ii) pay a civil monetary penalty of $500,000 and (iii) comply with the undertakings outlined in the Offer. The CFTC reduced the civil monetary penalty as a result of the automaker's cooperation during the investigation.
Separately, a panel of the NYMEX Business Conduct Committee (the "Panel") found that Mitsubishi did not provide proper training for a trader before allowing him to trade futures on NYMEX, resulting in his engaging in disruptive trades. The Panel ordered the automaker to pay a $250,000 fine to NYMEX.
The CFTC and DOJ settled charges with a proprietary trading firm for engaging in spoofing in equity futures contracts over a two-year period.
Two interdealer brokers settled separate New York State and CFTC charges for fraudulent practices involving foreign exchange currency options.
A registered futures commission merchant settled CFTC charges for engaging in prohibited noncompetitive, fictitious wash sales.