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United States Commodity Futures Trading Commission v. Wilson et al
Case Number:
1:13-cv-07884
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February 27, 2019
CFTC Won't Appeal Futures Manipulation Trial Loss
The U.S. Commodity Futures Trading Commission decided not to appeal a scathing December ruling by a New York federal judge in its suit accusing DRW Investments of generating $20 million in unlawful profits by manipulating interest-rate swap futures contracts, the agency announced Wednesday.
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January 10, 2019
Correcting CFTC Course On Manipulative Intent
In U.S. Commodity Futures Trading Commission v. Wilson, a New York federal court properly relied on 30 years of precedent to overturn the CFTC's broad new theory of manipulative intent, says Chad Silverman of Skadden Arps Slate Meagher & Flom LLP.
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December 03, 2018
CFTC Told It Can't Prove Rigging Without Artificial Prices
In a ruling two years after the end of a bench trial over the U.S. Commodity Futures Trading Commission's suit accusing DRW Investments of manipulating futures contracts, U.S. District Judge Richard Sullivan said the regulator had nothing to support the fraud allegations.
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December 22, 2016
CFTC, DRW Spar Post-Trial Over Futures Manipulation Case
The U.S. Commodity Futures Trading Commission and DRW Investments LLC traded parting blows Wednesday following a bench trial over the agency's claims of futures contracts manipulation, with DRW saying the CFTC failed to show that the trading firm created artificial prices.
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December 07, 2016
Judge Skeptical Of CFTC's 'Circular' Logic In DRW Trial
The New York federal judge overseeing the U.S. Commodity Futures Trading Commission's claims that DRW Investments manipulated futures contracts seemed skeptical of the agency's theory as trial wrapped on Wednesday, telling a CFTC attorney her argument seemed "so circular as to be nonsensical."
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December 01, 2016
Judge Questions Firm's Trading Strategy In $20M CFTC Trial
As trial opened Thursday over the U.S. Commodity Futures Trading Commission's allegations that DRW Investments made $20 million by manipulating futures contracts, a New York federal judge seemed skeptical of DRW's claim that its bids on the contracts were legitimate and questioned why the firm would keep bidding if no one was biting.
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July 14, 2016
CFTC Blasts Industry Concerns Over Manipulation Suit
The U.S. Commodity Futures Trading Commission on Wednesday slammed an amicus brief filed by CME Group Inc. and other futures industry groups, saying the market heavyweights are misrepresenting the facts of a $20 million market manipulation case the agency is bringing against DRW Investments.
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June 17, 2016
Market Bigs Weigh In On $20M CFTC Futures Manipulation Suit
CME Group Inc. and other futures trading heavyweights on Thursday weighed in as Manhattan U.S. District Judge Analisa Torres considered releasing DRW Investments from a $20 million manipulation case brought by the U.S. Commodity Futures Trading Commission, arguing that the regulator is pushing for troubling change in settled law.
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June 27, 2014
Investment Manager Can't Duck CFTC Suit Over $20M Scheme
A New York federal judge refused to dismiss or transfer a Commodity Futures Trading Commission suit alleging that a Chicago-based trading firm manipulated interest-rate swap futures contracts, generating $20 million in unlawful profits.