CFTC fines Mirae Asset Daewoo for spoofing

By GlobalCapital
14 Jan 2020

South Korea’s Mirae Asset Daewoo has been ordered to pay $700,000 after a US Commodity Futures Trading Commission investigation found one of its traders had engaged in spoofing.

The CFTC said it was issuing an order simultaneously filing and settling charges against Mirae Asset Daewoo Co for spoofing in the CME Group E-mini S&P 500 futures market.

A CFTC investigation found that Daewoo Securities, a company Mirae acquired following the allegations, had engaged in spoofing through ...

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