Originally published by TabbFORUM
As the CFTC continues to aggressively pursue spoofing violations, the charges and orders also provide insights into what the CFTC believes is proof of intent to spoof, writes Chris Waitz, Director of Regulatory Affairs at Eventus. In this article, Mr. Waitz offers eight examples of what the CFTC considers evidence of spoofing, based on past cases.
In recent enforcement action, The CFTC charged one trader and fined two other traders and one proprietary trading firm for spoofing violations. The two traders and the firm received fines totaling $850,000 and the traders also received trading suspensions of four months and six months.