Actions against Respondents, interdealer brokers, for alleged fraud.  According to the CFTC, Respondents made false representations to clients about whether certain prices were executable and whether certain trades had already occurred to create the perception of greater liquidity and tighter spreads in foreign exchange options.  One Respondent has agreed to pay a civil penalty of $15,000,000.  Another Respondent has agreed to pay a civil penalty of $10,000,000.

CFTC Order (BGC)

CFTC Order (GFI)

CFTC Press Release