The U.S. derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called "spoofing" and manipulation in the U.S. futures market, three people with direct knowledge of the matter told Reuters.

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The enforcement action by the Commodity Futures Trading Commission (CFTC) is the result of a multi-agency investigation that also involves the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI), the people said.

Spokesmen for all three banks declined to comment.

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