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                • February 07, 2019

                  U.S. District Court Orders Former Precious Metals Trader to Pay Penalty for Spoofing

                  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.
                  bzwirb's picture
                  Commentary by Bob Zwirb
                • December 03, 2018

                  Court Rules against CFTC, Says Defendants Better Understood Product and Market Values

                  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.
                  bzwirb's picture
                  Commentary by Bob Zwirb
                • November 16, 2018

                  Two Former Traders Argue That Alleged Spoofing Scheme Did Not Constitute Wire Fraud

                  Two former commodities traders moved to dismiss an indictment, arguing that the government cannot prosecute spoofing under the wire fraud statute.
                  bzwirb's picture
                  Commentary by Bob Zwirb
                • November 02, 2018

                  District Court Rules CBOT and CME Not Guilty of Anticompetitive Conduct

                  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.
                  bzwirb's picture
                  Commentary by Bob Zwirb
                • October 26, 2018

                  Jury Finds Three FX Traders Not Guilty of FX-Rigging Conspiracy

                  The U.S. District Court for the Southern District of New York acquitted three foreign exchange traders on charges of conspiracy to manipulate benchmark currency rates after a jury determination.
                • September 27, 2018

                  Federal District Court Confirms that Cryptocurrencies are "Commodities" under CFTC Jurisdiction

                  The U.S. District Court for the District of Massachusetts ruled that cryptocurrencies fall within the definition of a "commodity" under the Commodity Exchange Act.
                • July 19, 2018

                  District Court Imposes Penalty on Two Foreign "Prediction Market" Companies for Violating CFTC Trading Ban

                  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.
                  bzwirb's picture
                  Commentary by Bob Zwirb
                • April 19, 2018

                  Former Venezuelan Government Official Pleads Guilty to Money Laundering Charges

                  A former Venezuelan official pled guilty to conspiracy in an international money laundering scheme involving U.S.-based companies and a Venezuelan state-owned oil company.
                  Christian.Larson@cwt.com's picture
                  Commentary by Christian Larson
                • October 03, 2016

                  District Court Rejects CFTC's Attempted Manipulation Charge and Much of Its Experts' Testimony

                  The U.S. District Court for the Southern District of New York, Judge Analisa Torres, dismissed the CFTC's argument that it did not prove the intent to create an artificial price in order for it to establish a manipulation claim against an investment firm and the firm's CEO.
                  bzwirb's picture
                  Commentary by Bob Zwirb
                • April 21, 2016

                  New York District Attorney Opens Investigation into "Panama Papers"

                  U.S. Attorney for the Southern District of New York Preet Bharara sent a letter to the International Consortium of Investigative Journalists asking for information that could assist in a new criminal investigation concerning "matters to which the 'Panama Papers' are relevant."
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