CFTC fines Russia bank $5 million for $36 billion of phony ruble-dollar trades
The U.S. Commodity Futures Trading Commission fined a Russia bank $6 million Monday for executing “fictitious and noncompetitive” Russian Ruble – U.S. dollar futures contracts on the Chicago Mercantile Exchange.
The CFTC brought the enforcement action against VTB Bank, headquartered in St.… Continue Reading