December 20, 2016

Igor B. Oystacher and 3Red Trading LLC were ordered to pay $2.5 million in a Consent Order ordered by Judge Amy J. St. Eve of the U.S. District Court for the Northern District of Illinois. for spoofing and employment of a manipulative and deceptive device while trading futures contracts on multiple futures exchanges. The two parties must jointly and severally pay a $2.5 million civil monetary penalty and are required to have an independent monitor assess and monitor all futures trading for three years. CFTC.

Tagged in: Fraud in CFTC-Regulated Markets, Market Manipulation and Trading Violations,