Dissenting Statement by Commissioner Sharon Y. Bowen Regarding TeraExchange LLC
September 24, 2015
I believe fictitious trading deserves a penalty. Tera Exchange facilitated wash trading and prearranged trading in violation of the Commodity Exchange Act. That is why we brought this case. I fundamentally disagree with the notion that they deserve no penalty. Accordingly, I dissent.
Last Updated: September 24, 2015