Two former precious metals traders at JPMorgan Chase & Co. were sentenced on Tuesday for engaging in fraud, attempted price manipulation, and spoofing.
The order requires Adam Cobb-Webb to pay a $150,000 civil monetary penalty and imposes a one-year ban from trading.
The CFTC order charges HSBC with manipulative and deceptive trading related to swaps with bond issuers, spoofing, and supervision failures.
The CFTC has fined Walleye Capital for spoofing by a former trader in soybean futures on the Chicago Board of Trade (CBOT).
Citadel, Instinet, Virtu, and Canaccord are accused of deliberately engaging in repeated spoofing that drove NWBO’s share price downward.
The CFTC fines Randy Chen, a California resident, and proprietary trading firm Tanius Technology for spoofing in 12 futures contracts.
The CFTC orders Eric Schwartz of Chicago, Illinois, to pay a $100,000 fine for engaging in multiple instances of spoofing.
The DOJ seeks to exclude a letter from Craig Donohue, former CEO of CME Group, from the trial of ex-JPMorgan traders accused of spoofing.
The CFTC has charged David Skudder, Global Ag LLC, and Nesvick Trading Group LLC with engaging in cross-market spoofing.
The DOJ seeks to defend the second superseding indictment of former JPMorgan traders accused of spoofing.
Get FNG's daily newsletter to receive notice of all articles like this one, in a concise daily email.
Subscribe now!
