Daniel Shak was fined US $100,000 for violating a prior settlement with the Commodity Futures Trading Commission related to his and his company’s (SHK Management LLC) alleged manipulation of crude oil futures contracts on two days in 2008. The CFTC previously alleged that Mr. Shak violated the prior settlement when, on May 22, 2014—less than six months after signing it—he traded gold futures during the closing period  (Click here for details regarding this settlement in the article, “CFTC Fines and Permanently Bans Trader and His CPO from Trading CFTC Regulated Crude Oil Contracts for Attempted Manipulation and Speculative Limit Violations” in the November 25 to 29 and December 2, 2013 edition of Bridging the Week.) In addition to payment of a fine, Mr. Shak was also prohibited from trading futures contracts in any market during the closing period for two years. Mr. Shak had been subject to the same trading sanction in his prior settlement.