March 30, 2015

The CFTC announced that the District Court for the District of Columbia entered an order against Daniel Shak of Las Vegas, Nevada, for his violation of a prior CFTC Administrative Order; Shak must pay a $100,000 civil monetary penalty for violating the terms of the CFTC order regarding his attempt to manipulate the price of crude oil futures contracts on the NYME and violating speculative position limits.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,