March 30, 2017 / 4:32 PM / 8 months ago

CFTC fines ex-Citi traders for spoofing in Treasury futures

WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday it had settled charges against two former traders for Citigroup Global Markets Inc, a unit of Citigroup Inc (C.N), for spoofing in U.S. Treasury futures markets.

Under separate orders, Stephen Gola agreed to pay a $350,000 civil penalty and Jonathan Brims a $200,000 penalty, and both were banned from trading for six months for spoofing — bidding or offering with the intent to cancel the bid or offer before execution, the CFTC said in a statement. (

Reporting by Tim Ahmann; Writing by Eric walsh

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below