New York Trader Fined $200,000 By CFTC Over Treasury Futures Spoofing
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2 Articles
New York Trader Fined $200,000 By CFTC Over Treasury Futures Spoofing
The Commodity Futures Trading Commission has fined New York-based trader Sidney Lebental $200,000 after finding that he engaged in spoofing activity in US Treasury futures markets during 2019. The regulator also imposed a one-month trading ban covering commodity interests. The case centers on trading activity involving Treasury futures contracts listed on the Chicago Board of Trade, with regulators alleging that orders were placed with the inten…
The CFTC sanctioned the New York operator Sidney Lebental with a fine of USD $200,000 for future Spoofing practices of the U.S. Treasury. The case, which covers about 50 maneuvers between January and September 2019, again puts under the spotlight the manipulation tactics in highly sensitive markets and regulatory history around an important trading table. *** The CFTC ordered Sidney Lebental to pay USD $200,000 per Spoofing in futures of the U.S…
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