US, UK fine 'spoof' traders

摘要

The Commodity Futures Trading Commission has ordered New Jersey-based trading firm Panther Energy Trading and its principal Michael Coscia to pay $2.8 million to resolve agency charges that the company attempted to manipulate commodity markets through a practice known as 'spoofing.' The case is the first brought by the CFTC under Dodd-Frank Wall Street Reform and Consumer Protection Act rules prohibiting the practice. The CFTC said Panther and Coscia attempted to manipulate markets across a range of commodities, from August 8, 2011, through October 18, 2011, on CME Group's Globex trading platform.