Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order requiring former Chicago Board of Trade (CBOT) floor trader and registered floor broker David Sklena of Skokie, Ill., to pay a disgorgement and civil monetary penalty of $6,608,750 for aiding and abetting another trader’s scheme to cheat customers who placed orders in Five-Year Treasury Note futures contracts.
Monday, February 27, 2012
Floor Trader Fined $6.6 million
Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order requiring former Chicago Board of Trade (CBOT) floor trader and registered floor broker David Sklena of Skokie, Ill., to pay a disgorgement and civil monetary penalty of $6,608,750 for aiding and abetting another trader’s scheme to cheat customers who placed orders in Five-Year Treasury Note futures contracts.
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What a surprise, as to , in the movie Casablanca..At Rick's there is Gambling..?
ReplyDeleteCFTC is just a rubber stamp for the Exchanges...Its not the SEC
I'm shocked, shocked I tell you. This could be start of a beautiful friendship. Great comment!
ReplyDeleteWant to make a small fortune? wow. Send me that customer please. Did the exchange find a way to profit from it? Can you say Manipulation?
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