Action against Respondents, a trader and his employer, for alleged misuse of order information, failure to supervise, and recordkeeping violations. According to the CFTC, Respondent trader misused order information to take the other side of customer trades, rather than matching the orders to those of other market participants as the customers expected.  Respondents have agreed to pay, jointly and severally, a civil penalty of $1,500,000. Respondent trader has agreed to pay disgorgement of $413,065.

CFTC Order

CFTC Press Release