The Court of Appeals for the Ninth Circuit reinstated a CFTC complaint against a precious metals credit company for defrauding retail customers through illegal, off-exchange leveraged commodity transactions.
The U.S. District Court for the District of Connecticut ordered a former precious metals trader to pay a civil monetary penalty for placing orders with the intention of canceling them prior to execution.
The U.S. District Court for the Southern District of New York determined that the CFTC failed to prove that a Chicago trader and his firm had either manipulated or attempted to manipulate the price of certain interest rate swaps.
A U.S. District Court ruled in favor of the Board of Trade of the City of Chicago, Inc. and Chicago Mercantile Exchange, Inc. from allegations that they conspired to stop the CFTC from approving the application of a competing exchange.
The U.S. District Court for the District of Columbia ordered two Ireland-based companies that operate an online "prediction market" trading website to pay a $3 million penalty for violating a 2005 cease and desist order and illegally trading binary options.
A three-judge panel of the U.S. Court of Appeals for the Seventh Circuit unanimously upheld the criminal conviction of a high-frequency trader for engaging in spoofing and commodities fraud in the futures markets.