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Where do you see $5B? Per WSJ and CFTC: > The total fine includes a penalty of $437 million, restitution of $311 million and disgorgement of $172 million, the
by huac 6y ago
Where do you see $5B? Per WSJ and CFTC:
> The total fine includes a penalty of $437 million, restitution of $311 million and disgorgement of $172 million, the CFTC said. Disgorgement is the requirement to pay back profits that were illegally earned.
It appears that they made less than $200M in profit (spoofing is usually a relatively low margin trade).