The Commodity Futures Trading Commission (CFTC) today announced an order requiring former Congressman George Santos to pay $35,000 for manipulative trading. The charges relate to his engagement in an event contract whose underlying event, the State-of-the-Union, Santos controlled.
The CFTC's order settles charges against Santos for activity designed to improperly affect the price of the swap. This enforcement action underscores the commission's efforts to maintain fair and transparent markets.