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CFTC Orders UK Trader to Pay $150,000, Imposes One-Year Trading Ban for Spoofing in West Texas Intermediate Futures
August 02, 2023
WASHINGTON, Aug. 2 -- The Commodity Futures Trading Commission issued the following enforcement news release on Aug. 1, 2023:

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against UK-based trader Adam Cobb-Webb for engaging in multiple instances of spoofing in West Texas Intermediate (WTI) light sweet crude oil futures contracts traded on New York Mercantile Exchange, Inc. (NYMEX) from approximately December 16, 2021 throug . . .

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