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Whistleblower News: CFTC Charges Trader and Two Entities with Cross-Market and Single-Market Spoofing and Manipulative Schemes, Former Analyst Sentenced To 33 Months In Prison For Committing Insider Trading Through Front-Running | Blog - Hagens Berman

Reported by Hbsslaw
Apr 15, 2022· 1 min read
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## KEY TAKEAWAYS

- The CFTC charged a Tennessee-based trader and two related entities with engaging in cross-market and single-market spoofing schemes designed to manipulate commodity and derivatives market prices.

- A former analyst received a 33-month federal prison sentence for insider trading committed through front-running activity, demonstrating escalating enforcement action against market manipulation schemes.

- These enforcement actions underscore the CFTC's intensified focus on spoofing and layering tactics—practices where traders place orders with no intent to execute to artificially move prices and profit from resulting market movements.

- The CFTC Whistleblower Program offers 10%-30% monetary awards for individuals providing original information on market manipulation violations, creating financial incentives for reporting such schemes.

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Sources

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Hbsslaw Whistleblower News: CFTC Charges Trader and Two Entities with Cross-Market and Single-Market Spoofing and Manipulative Schemes, Former Analyst Sentenced To 33 Months In Prison For Committing Insider Trading Through Front-Running | Blog - Hagens Berman