CFTC puts new spin on spoofing cases
Charges may be brought under regulation 166.3 in cases where intent is hard to prove
The US Commodity Futures Trading Commission can charge firms that fail to adequately supervise traders who engage in market manipulation or spoofing even if prosecutors are unable to prove intent.
Rostin Behnam, one of three commissioners at the CFTC, cited a January 2017 case involving Citigroup traders spoofing the US Treasury futures markets, where the bank settled charges of spoofing and failing to adequately supervise its employees – a violation of regulation 166.3. Regulators define
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