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U.S. Commodity Futures Trading Commission v. Oystacher et al

  1. December 20, 2016

    $2.5M CFTC Spoofing Settlement Gets Green Light

    An Illinois federal judge on Tuesday signed off on a deal that settles a yearlong legal dispute between the U.S. Commodity Futures Trading Commission and a Chicago-based trader accused of placing spoof bids on futures markets and who has now agreed to pay $2.5 million to resolve the suit before a trial.

  2. December 19, 2016

    CFTC's Alleged Spoofer To Pay $2.5M, Avoid Trading Ban

    A Chicago-based trader will pay $2.5 million to settle a U.S. Commodity Futures Trading Commission lawsuit accusing him of placing spoof bids on futures contracts, although he will be allowed to continue trading under the supervision of an independent monitor. 

  3. October 19, 2016

    Chicago Trader Settles CFTC's Spoofing Suit

    A Chicago-based trader facing spoofing allegations announced Wednesday that he has settled with the U.S. Commodity Futures Trading Commission ahead of a January trial to determine if he placed fake orders on several futures markets in order to profit off the ensuing price fluctuations.

  4. August 24, 2016

    Judge Won't Let Chicago Trader Escape CFTC Spoofing Case

    An Illinois federal judge denied a Chicago trader's bid to escape a U.S. Commodity Futures Trading Commission suit accusing him and his firm of using a predatory trading tactic, ruling Tuesday that the trader's claims that spoofing laws are vague were unconvincing.

  5. July 13, 2016

    CFTC Loses Bid To Bar Chicago Trader During Spoofing Trial

    An Illinois federal judge on Tuesday denied the U.S. Commodity Futures Trading Commission's request to temporarily ban a Chicago trader from futures markets ahead of his upcoming trial on accusations of his using a bait-and-switch tactic known as spoofing.

  6. June 28, 2016

    Chicago Trader Says CFTC Still Can't Prove Spoofing

    A Chicago trader accused of spoofing told an Illinois federal judge on Monday that the U.S. Commodity Futures Trading Commission can't prove its case against him because the laws prohibiting spoofing are unconstitutionally vague.

  7. June 14, 2016

    Spoofing Rules Clear Enough To Charge Trader, Says CFTC

    The U.S. Commodity Futures Trading Commission on Tuesday told an Illinois federal judge overseeing its case against a Chicago trader accused of spoofing that the statute's language describing the crime is constitutionally clear.

  8. June 01, 2016

    Chicago Trader Can't Show Work Videos In Spoofing Case

    A Chicago trader accused by the U.S. Commodity Futures Trading Commission of manipulating markets through fake buy and sell orders can't show footage of his trading routine in court to prove he shouldn't be barred from the business ahead of his trial, an Illinois federal judge ruled Wednesday.

  9. May 17, 2016

    Feds Press To Get Chicago Trader Off Market Before Trial

    The U.S. Commodity Futures Trading Commission says it's "not humanly possible" that a Chicago trader didn't intend to manipulate the market through the frequent cancellation of orders, telling an Illinois federal court Monday that he should be  temporarily banned from the marketplace ahead of trial.

  10. May 12, 2016

    3Red Trading But Not Spoofing, Compliance Officer Tells Court

    A hearing that will determine the immediate fate of 3Red Trading LLC and its founder wrapped in an Illinois federal courtroom Thursday, with 3Red's chief compliance officer saying he never uncovered any regulatory violations at the futures trading firm, including anything that would amount to so-called spoofing.

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