The lawsuit brought by the Commodity Futures Trading Commission (CFTC) against Logista Advisors LLC and Andrew Harris Serotta has come to an end.

The CFTC and the defendants have informed the Illinois Northern District Court on their agreement that the Civil Action is dismissed with prejudice.

The Honorable John F. Kness stated:

“I commend the parties and counsel for their settlement efforts, and I thank Magistrate Judge Gilbert for presiding over the case on referral”.

The CFTC brought the lawsuit against Logista and Serotta in September 2023.

The amended complaint alleged that, from at least in or around January 2020 through at least in or around April 2020, Logista, acting through its head trader, principal, and chief executive officer, Serotta, engaged in manipulative and deceptive acts and practices in the natural gas futures and crude oil futures markets, while placing orders for and trading futures contracts on a registered entity.

By placing hundreds of orders with the intent to cancel them before execution, Defendants intentionally or recklessly sent false signals of increased buying or selling interest designed to trick other market participants into entering higher bids or lower offers, allowing Defendants to execute orders on the opposite side of their order book at advantageous prices.

The case was closed on December 16, 2025.