A UK based trader formerly of Deutsche Bank has been sentenced to a year and a day in US prison for spoofing on the Comex exchange in precious metals futures. The announcement from the Department of Justice can be found here and an article about the topic on Reuters here and on the FT website here. The original indictment occurred in 2018 (see here) with the activity occurring between 2008 and 2013. Civil penalties were also levied in the past.

This article on the S&P Global Platts web site reports that Shell has agreed with FERC to pay $1m in fines for an index manipulation in natural gas. The fine includes an “inadequate supervision” element.

In the financial markets, Danske Bank has been charged with a breach of MAR in terms of monitoring. The press release from Danske Bank can be found here.