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

  1. May 10, 2016

    Trader Under Fire Says Spoofing Law Is Unconstitutional

    A Chicago-based trader facing a U.S. Commodity Futures Trading Commission enforcement action urged an Illinois federal judge on Monday to throw out the lawsuit against him, saying the congressional statute that prohibits a market manipulation tactic known as spoofing is unconstitutionally vague and the CFTC has not remedied the problem by giving traders fair warning of what they're up against.

  2. April 26, 2016

    CFTC Presses Trading Firm Founder On Past 'Spoofing' Probes

    The CEO of a trading firm accused of manipulating the futures markets through a process known as "spoofing" admitted Tuesday he has been scrutinized by regulators from every exchange he's traded on, as the U.S. Commodity Futures Trading Commission fights for his temporary removal from several exchanges.

  3. April 25, 2016

    Trader Kept 'Spoofing' Despite Warnings, CFTC Says

    A Chicago trader accused of "spoofing" futures exchanges should be banned from certain markets because despite repeated warnings from regulators and exchanges, he kept using the bait-and-switch trading pattern to reap profits, attorneys for the U.S. Commodity Futures Trading Commission told an Illinois federal judge Monday.

  4. April 20, 2016

    Accused Futures Spoofer Says CFTC Sprung Surprise Witness

    A Chicago trader and his firm accused of "spoofing" futures exchanges asked an Illinois federal court on Tuesday to bar a former associate from testifying at an imminent injunction hearing, saying the Commodity Futures Trading Association sprung his inclusion on the witness list on them weeks after discovery closed.

  5. April 18, 2016

    CFTC Says Past Settlements Show Trader Should Be Barred

    The Commodity Futures Trading Commission on Friday again urged an Illinois federal judge to bar a trader and his Chicago firm, 3Red, from six U.S. exchanges, saying past settlements with European and American exchange operators show the trader had a pattern of "spoofing" futures markets.

  6. April 11, 2016

    Trader Wants Past 'Spoofing' Deals Cut From CFTC Case

    Chicago trading firm 3Red has moved to block the U.S. Commodity Futures Trading Commission from using past payments to European and American regulators as proof that 3Red has exhibited a pattern of "spoofing" the futures markets and should be booted from six U.S. exchanges.

  7. April 08, 2016

    Citadel Analyst Cites Suspicious Trading In 3Red Case

    A Citadel Investment Group analyst testifying for the government in its futures-market spoofing case against trading firm 3Red said Friday it was likely the suspicious trading activity he encountered was the work of a single individual or company.

  8. April 07, 2016

    CFTC Slams Trader's 'Frankensteinian' Arg In Spoofing Suit

    A Chicago trader accused of "spoofing" has patched together a "Frankensteinian" argument to ward off a requested trading ban, the U.S. Commodity Futures Trading Commission told an Illinois federal court Wednesday amid a flurry of other motions over experts and witnesses.

  9. April 04, 2016

    Chicago Trader Accused Of 'Spoofing' Says Trades Were Legit

    A Chicago trader accused of "spoofing" orders in futures markets and taking advantage of the resulting misperceptions about demand told an Illinois federal court Friday that he shouldn't be banned from trading in his preferred markets just because he makes decisions faster than the average person.

  10. February 12, 2016

    CFTC Claims It Has New Proof Of Chicago Trader's 'Spoofing'

    The Commodity Futures Trading Commission told an Illinois federal court Thursday it wants to expand its case accusing a trader and his Chicago firm of "spoofing," claiming it found fresh evidence that the firm has continued to manipulate supply and demand in the market months after the watchdog filed its complaint.

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