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CFTC Rule 180.1

Prohibits fraud and manipulation, and attempted fraud and manipulation, in connection with any swap, commodity contract or future for sale in interstate commerce.

Rule Overview

Jurisdiction: United States

Regulator: CFTC

Topic: Market Abuse

Overview
Notable
Latest News
Further Reading

This CFTC Rule implements CEA 1936 Section 6(c)(1).

The CFTC has interpreted this rule broadly to extend its traditional jurisdiction beyond future, options, and swaps to pursue fraud in cryptocurrencies and digital assets.

An exception to the prohibition contained in 180.1(a)(4) ensures that any person who mistakenly communicates a false, misleading, or inaccurate report and does this in good faith will not be caught out by the rule.

Rule 180.1(a)(1)
Using any manipulative device, scheme, or artifice to defraud
Rule 180.1(a)(2)
Making untrue or misleading statement or omitting a material fact to the same effect
Rule 180.1(a)(3)
Engaging in any practice operating as fraud or deceit
Rule 180.1(a)(4)
Delivering by any communication means false or misleading or inaccurate reports
Notable
Precious metals dealer charged in $61m fraud targeting elderly

Precious metals dealer charged in $61m fraud targeting elderly

Hundreds of investors were tricked into selling retirement funds to invest in a precious metals scheme that included far greater markups than promised.

Martina Lindberg1 min read

CFTC should regulate crypto exchanges says Commissioner

CFTC should regulate crypto exchanges says Commissioner

The risks posed by cyber attacks and lack of meaningful oversight of cryptocurrencies should result in regulatory intervention, says CFTC Commissioner.

Thomas Hyrkiel2 min read

Conviction secured in groundbreaking prosecution for manipulating Mango Markets

Conviction secured in groundbreaking prosecution for manipulating Mango Markets

First-ever cryptocurrency market manipulation case as DOJ seals conviction for theft of over $100m in digital assets from the crypto exchange.

Martina Lindberg2 min read

Enforcement

Precious metals dealer charged in $61m fraud targeting elderly

CFTC

CFTC should regulate crypto exchanges says Commissioner

Enforcement

Conviction secured in groundbreaking prosecution for manipulating Mango Markets

Latest News More on CFTC 

Further Reading

AMAF final rule factsheet Go to https://www.cftc.gov/sites/default/files/idc/groups/public/@newsroom/documents/file/amaf_factsheet_final.pdf 2014 NYLJ Rule 180.1 article Go to https://www.skadden.com/-/media/files/publications/2014/04/070041407-skadden.pdf Anrold Porter opinion Rule 180.1 expansion Go to https://www.arnoldporter.com/-/media/files/perspectives/publications/2022/03/tracking-the-expansion-of-cftcs-manipulation-rule.pdf?rev=bc417cef334c4d20a6e57fff6e8808df&sc_lang=en&hash=FB0E3906E7AB0F1AC04B1566150018C1