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 Spoofing

CFTC release 7504-16 · 2016-12-21 · view on cftc.gov ↗

Key facts

Release number: 7504-16
Release date: 2016-12-21
Type: Spoofing
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7504-16

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.