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On Thursday, the U.S. Commodity Futures Trading Commission (CFTC), the independent agency that regulates futures and option markets, announced that it obtained a federal court consent order requiring defendants Matthew J. Marcus his company Tech Power Inc to pay a $250,000 civil monetary penalty, according to a CFTC statement.
The U.S. derivatives regulator alleged that Matthew J. Marcus of California and his company Tech Power Inc., a Nevada corporation located in California had engaged in fictitious single stock futures transactions and trading non-competitively on OneChicago LLC (OneChicago), an electronic futures exchange in Chicago, Illinois.
On June 30, 2016, Judge Milton I. ... (read more)