News Formal

US CFTC: TOTSA TotalEnergies Trading to pay $48 million for attempted market manipulation

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

US CFTC: TOTSA TotalEnergies Trading to pay $48 million for attempted market manipulation

) Trading SA to pay a $48 million fine, alleging that the company had attempted to manipulate the market for European benchmark gasoline futures.

The maneuver amounted to losing money on physical sales to increase the value of the short position, according to the CFTC. EBOB is a benchmark of gasoline primarily used in Europe that the CFTC said trades on exchanges it regulates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market RulesBoth parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power.
Source: CoinDesk - 🏆 291. / 63 Read more »