September 17, 2015

The CFTC ordered Robert M. McMahon of Mt. Pocono, Pennsylvania, to pay a $171,000 penalty for engaging in a deceptive trading scheme involving Henry Hub Natural Gas Futures contracts, in which he would defraud his customers by taking the other sides of his customers trades and allocating to them the worse-priced contracts.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,