CFTC Fines Trader Sidney Lebental $200,000 for Treasury Futures Spoofing
The CFTC fined trader Sidney Lebental $200,000 for using spoofing tactics to manipulate US Treasury futures prices in 2019.Summary
The Commodity Futures Trading Commission (CFTC) has ordered New York-based trader Sidney Lebental to pay a $200,000 penalty for engaging in spoofing activities involving US Treasury futures. Between January and September 2019, Lebental allegedly executed approximately 50 deceptive trades on the Chicago Board of Trade, where he placed genuine orders while simultaneously entering larger, fake orders on the opposite side to influence market prices in his favor.
In addition to the financial penalty, the settlement prohibits Lebental from trading commodity interests for 30 days and mandates compliance with future anti-spoofing regulations. Lebental neither admitted nor denied the findings. This action follows broader regulatory scrutiny of the trading desk where he worked, which has previously faced enforcement from FINRA regarding similar practices.
(Source：BeInCrypto)