September 29, 2016

The CFTC filed a civil enforcement action against Thomas C. Lindstrom, of Winnetka, Illinois, alleging that he perpetrated a scheme to inflate the value and profitability of his options position and lie about the quantity of options and the risk associated with his position in order to defraud his employer, proprietary trading firm Rock Capital Markets, LLC, into paying him $285,000 in draws to which he was not entitled. According to the complaint, Lindstrom’s scheme caused Rock Capital to incur more than $13.9 million in losses and caused the collapse of the firm in early 2015.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,