Cadwalader allows sharing content.
Email to a friend or colleague:
From
To
Subject
Email On October 2, 2014, the U.S. Attorney for the Northern District of Illinois announced the indictment of Michael Coscia, the owner of Panther Energy Trading (“Panther”), for six counts of commodities fraud and six counts of spoofing. This indictment represents the first ever criminal case to use the anti-manipulation authority provided in the Dodd-Frank Act to charge spoofing in the context of commodities transactions, and is one of the first major cases announced by the newly-formed Securities and Commodities Fraud section of the U.S. Attorney’s office for the Northern District of Illinois. https://www.cadwalader.com/resources/clients-friends-memos/first-criminal-prosecution-for-spoofing-high-frequency-trading-firm-owner-indicted-in-northern-district-of-illinois