{"id":6169,"date":"2017-06-30T17:29:29","date_gmt":"2017-06-30T22:29:29","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1650"},"modified":"2017-06-30T17:29:29","modified_gmt":"2017-06-30T22:29:29","slug":"cftc-cases-non-prosecutorial-deals-reached-ex-citigroup-traders-spoofing-allegations-ny-based-firm-barred-commodity-interest-trading-regulator-alleges-fraud-involving-forex-tr","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cftc-cases-non-prosecutorial-deals-reached-ex-citigroup-traders-spoofing-allegations-ny-based-firm-barred-commodity-interest-trading-regulator-alleges-fraud-involving-forex-tr\/","title":{"rendered":"CFTC Cases: Non-Prosecutorial Deals Reached With Ex-Citigroup Traders Over Spoofing Allegations, NY-Based Firm is Barred From Commodity Interest Trading, and Regulator Alleges Fraud Involving Forex Trading of a Pooled Investment"},"content":{"rendered":"<p>\t\t\t\t<strong>Former Citigroup Global Markets Traders Accused of Spoofing Arrive at Non-Prosecution Deals <\/strong><br \/>\nThe US Commodity Futures Trading Commission has reached non-prosecution agreements with three ex-<a href=\"https:\/\/www.investorlawyers.com\/citigroup-background-information.html\">Citigroup Global Markets Inc.(C) <\/a> traders. Daniel Liao, Jeremy Lao, and Shlomo Salant admitted to engaging in <a href=\"https:\/\/www.stockbroker-fraud.com\">spoofing<\/a> in US treasury futures markets while working for the firm.  The three of them also provided information about misconduct that was committed by others.<\/p>\n<p>According to the non-prosecution deals, each trader submitted big orders on the opposite of orders that were smaller with the intention of cancelling the bigger orders. They engaged in spoofing to fill their smaller orders at prices they preferred.  <\/p>\n<p>The agreements with the ex-Citigroup traders comes nearly six months after the bank settled with the CFTC allegations over spoofing and supervisory-related deficiencies. A number of unlawful incidents at Citigroup were identified in the non-prosecutorial deals. <\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-cases-non-prosecutorial-deals-reached-ex-citigroup-traders-spoofing-allegations-ny-based-firm-barred-commodity-interest-trading-regulator-alleges-fraud-involving-forex-tr\/#more-6169\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Citigroup Global Markets Traders Accused of Spoofing Arrive at Non-Prosecution Deals The US Commodity Futures Trading Commission has reached non-prosecution agreements with three ex-Citigroup Global Markets Inc.(C) traders. Daniel Liao, Jeremy Lao, and Shlomo Salant admitted to engaging in spoofing in US treasury futures markets while working for the firm. The three of them [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3810,3820,3752],"tags":[2709],"class_list":["post-6169","post","type-post","status-publish","format-standard","hentry","category-cftc","category-citigroup","category-financial-firms","tag-forex-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CFTC Cases: Non-Prosecutorial Deals Reached With Ex-Citigroup Traders Over Spoofing Allegations, NY-Based Firm is Barred From Commodity Interest Trading, and Regulator Alleges Fraud Involving Forex Trading of a Pooled Investment &#8212; Investor Lawyers Blog &#8212; June 30, 2017<\/title>\n<meta name=\"description\" content=\"Former Citigroup Global Markets Traders Accused of Spoofing Arrive at Non-Prosecution Deals The US Commodity Futures Trading Commission has reached &#8212; June 30, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-cases-non-prosecutorial-deals-reached-ex-citigroup-traders-spoofing-allegations-ny-based-firm-barred-commodity-interest-trading-regulator-alleges-fraud-involving-forex-tr\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CFTC Cases: Non-Prosecutorial Deals Reached With Ex-Citigroup Traders Over Spoofing Allegations, NY-Based Firm is Barred From Commodity Interest Trading, and Regulator Alleges Fraud Involving Forex Trading of a Pooled Investment &#8212; Investor Lawyers Blog &#8212; June 30, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Former Citigroup Global Markets Traders Accused of Spoofing Arrive at Non-Prosecution Deals The US Commodity Futures Trading Commission has reached &#8212; June 30, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CFTC Cases: Non-Prosecutorial Deals Reached With Ex-Citigroup Traders Over Spoofing Allegations, NY-Based Firm is Barred From Commodity Interest Trading, and Regulator Alleges Fraud Involving Forex Trading of a Pooled Investment &#8212; Investor Lawyers Blog &#8212; June 30, 2017","description":"Former Citigroup Global Markets Traders Accused of Spoofing Arrive at Non-Prosecution Deals The US Commodity Futures Trading Commission has reached &#8212; June 30, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/cftc-cases-non-prosecutorial-deals-reached-ex-citigroup-traders-spoofing-allegations-ny-based-firm-barred-commodity-interest-trading-regulator-alleges-fraud-involving-forex-tr\/","twitter_card":"summary_large_image","twitter_title":"CFTC Cases: Non-Prosecutorial Deals Reached With Ex-Citigroup Traders Over Spoofing Allegations, NY-Based Firm is Barred From Commodity Interest Trading, and Regulator Alleges Fraud Involving Forex Trading of a Pooled Investment &#8212; 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