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CFTC Charges Nevada Metals Trader with Spoofing in Gold and Silver Markets

From cftc.gov

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the District of Nevada against Daniel Shak of Las Vegas, Nevada, charging him with spoofing and engaging in a manipulative and deceptive scheme in the gold and silver futures markets. In its continuing civil litigation, the CFTC seeks, among other relief, civil monetary penalties, disgorgement, trading bans, and a permanent injunction against future violations of the federal commodities laws, as charged. “These charges demonstrate once again that the CFTC will vigorously prosecute to the fullest extent of ... (full story)

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