SEC goes after traders who executed thousands of “wash trades”
The SEC accuses Suyun Gu and Yong Lee of perpetrating a fraudulent options-trading through thousands of “wash trades”.
wash trades
CME fines Banca Sella as its traders violate Exchange rules
Banca Patrimoni Sella & C SpA has agreed to pay a fine for failure to diligently supervise its employees, who broke CME’s rules.
SpeedRoute to pay $310,000 fine for failure to identify potentially manipulative activity
SpeedRoute has failed to establish a supervisory system, reasonably designed to achieve compliance with rules prohibiting manipulative activity.
CME fines and suspends trader for wash trades
CME Chief Regulatory Officer issued charges against Jin Li for violating CME rules prohibiting wash trades.
COMEX suspends trader for violation of wash trades prohibition
COMEX has suspended Burr Jennings for six months due to his violation of the Exchange rule prohibiting wash trades.
