Displaying results 61 - 70 of 95
CFTC Submits Proposed Consent Order to Federal Court in Chicago that Would Resolve the CFTC’s Price Manipulation and Spoofing Action against U.K. Resident Navinder Singh Sarao
… that Would Resolve the CFTC’s Price Manipulation and Spoofing Action against U.K. Resident Navinder Singh Sarao Sarao Pleaded Guilty to Spoofing and Wire Fraud Charges in a Related Criminal Action … , with unlawfully manipulating, attempting to manipulate, spoofing, and use of a manipulative device — all with regard …
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Federal Court Orders UAE Residents Heet Khara and Nasim Salim to Pay Combined Civil Monetary Penalties of $2.69 Million for Spoofing in the Gold and Silver Futures Markets
… Pay Combined Civil Monetary Penalties of $2.69 Million for Spoofing in the Gold and Silver Futures Markets Washington, … Arab Emirates (UAE), prohibiting them from engaging in spoofing in violation of the Commodity Exchange Act. The … million civil monetary penalty to settle CFTC charges of spoofing in the gold and silver futures markets. The Order …
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CFTC Finds Former Trader David Liew Engaged in Spoofing and Manipulation of the Gold and Silver Futures Markets and Permanently Bans Him from Trading and Other Activities in CFTC-Regulated Markets
… June 2, 2017 CFTC Finds Former Trader David Liew Engaged in Spoofing and Manipulation of the Gold and Silver Futures … charges against David Liew for engaging in numerous acts of spoofing, attempted manipulation, and, at times, … In the Order, Liew admits the facts of his manipulation and spoofing activity and acknowledges that his conduct violated …
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CFTC Orders Panther Energy Trading LLC and its Principal Michael J. Coscia to Pay $2.8 Million and Bans Them from Trading for One Year, for Spoofing in Numerous Commodity Futures Contracts
… $2.8 Million and Bans Them from Trading for One Year, for Spoofing in Numerous Commodity Futures Contracts First Case … Dodd-Frank’s Prohibition of the Disruptive Practice of Spoofing by Bidding or Offering with Intent to Cancel before … New Jersey, for engaging in the disruptive practice of “spoofing” by utilizing a computer algorithm that was …
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Federal Court Orders Chicago Trader Igor B. Oystacher and 3Red Trading LLC to Pay $2.5 Million Penalty for Spoofing and Employment of a Manipulative and Deceptive Device, while Trading Futures Contracts on Multiple Futures Exchanges
… and 3Red Trading LLC to Pay $2.5 Million Penalty for Spoofing and Employment of a Manipulative and Deceptive … that the Defendants engaged in a manipulative and deceptive spoofing scheme while trading at least five different … and CFTC Regulations adopted pursuant to the CFTC’s anti-spoofing and expanded anti-fraud and anti-manipulation …
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CFTC Orders Former Citigroup Global Markets Inc. Traders Stephen Gola and Jonathan Brims to Pay $350,000 and $200,000, Respectively, and Bans Them from Trading for 6 Months for Spoofing in U.S. Treasury Futures Markets
… Respectively, and Bans Them from Trading for 6 Months for Spoofing in U.S. Treasury Futures Markets Each Trader Placed … charges against Stephen Gola and Jonathan Brims for spoofing — bidding or offering with the intent to cancel the … violating the Commodity Exchange Act’s prohibition against spoofing, as charged. The Orders find that, between July 16, …
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CFTC Orders New York Trader Simon Posen to Pay a $635,000 Civil Monetary Penalty and Permanently Bans Him from Trading in CFTC-Regulated Markets for Spoofing in the Gold, Silver, Copper, and Crude Oil Futures Markets
… Bans Him from Trading in CFTC-Regulated Markets for Spoofing in the Gold, Silver, Copper, and Crude Oil Futures … York, New York for engaging in thousands of incidents of “spoofing” — bidding or offering with the intent to cancel … violating the Commodity Exchange Act’s prohibition against spoofing. The Order further permanently bans Posen from …
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CFTC Charges Chicago Trader Igor B. Oystacher & His Proprietary Trading Company, 3 Red Trading LLC, with Spoofing and Employment of a Manipulative and Deceptive Device while Trading E-Mini S&P 500, Copper, Crude Oil, Natural Gas, and VIX Futures Contracts
… His Proprietary Trading Company, 3 Red Trading LLC, with Spoofing and Employment of a Manipulative and Deceptive … 3 Red Trading LLC (3 Red), both of Chicago, Illinois, with spoofing and employment of a manipulative and deceptive … and repeatedly engaged in a manipulative and deceptive spoofing scheme while trading in at least five futures …
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CFTC Enforcement Updates
… Smith  of New York and Michael Nowak  of New Jersey for spoofing in the precious metals futures markets while … required to cease and desist from further violating the spoofing prohibition in the Commodity Exchange Act. The … were convicted of fraud, attempted price manipulation, and spoofing. In August 2023, Smith was sentenced to two years …
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CFTC Orders Australian Swap Dealer to Pay $500,000 for Supervision Failures
… its supervision obligations for failing to ensure its spoofing surveillance tool was operating effectively. ANZ … CFTC staff that a surveillance tool ANZ used to monitor for spoofing activity by its traders was not operating … result, thousands of orders were not timely surveilled for spoofing and ANZ should have, but did not receive a …
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