# 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

> CFTC release 7504-16 · 2016-12-21 · **Spoofing** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7504-16, "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", 2016-12-21. Retrieved via AI Analytics 2026-07-15 from https://api.ai-analytics.org/cftc-action/7504-16.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*