Trader Fined $2.5m for Spoofing and Engaging in Deceptive Spoofing Scheme

[kreslik.news]

The US Commodity Futures Trading Commission (CFTC) has announced that an Illinois district court has entered an order of permanent Injunction against Igor Oystacher and his proprietary trading company, 3Red Trading, after finding that he engaged in a manipulative and deceptive spoofing scheme.

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This occurred while he was trading at least five different futures contracts on four exchanges for more than two years in violation of the Commodity Exchange Act, and CFTC Regulations adopted pursuant to the CFTC’s anti-spoofing and expanded anti-fraud and anti-manipulation authority under ... (read more)