CFTC: Charges trader with spoofing in financial futures markets

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CFTC: Charges trader with spoofing in financial futures markets

CFTC: Charges trader with spoofing in financial futures markets

  • CFTC issued an order filing and settling charges against Benjamin Cox
  • The CFTC order requires Cox to pay a $150,000 civil monetary penalty
  • The CFTC order finds that during the period from April 2014 through, at least, February 2018
  • Typically, while Cox had one or more smaller bids or offers resting in a futures market
  • The CFTC’s investigation conducted in conjunction with a related inquiry by the CME Group
  • Which also announced a disciplinary action against Cox