The Commodity Futures Trading Commission settled charges against Christopher Evans for executing 30 unauthorized bilateral swap transactions opposite a customer in order to hide trading losses from the customer and his “unnamed” employer from January through July 2013. (According to the National Futures Association’s BASIC system, Mr. Evans was registered as an associated person with FCStone LLC from November 2007 through July 2013.) The unauthorized trades were alleged to have caused approximately US $1.2 million of trading losses for the aggrieved customer that were later reimbursed by Mr. Evans’ employer. The CFTC charged Mr. Evans with general fraud, fraud by deceptive devices or contrivances (under the CFTC’s new anti-fraud based manipulation authority), fraud in violation of business conduct standards for swap dealers and unauthorized transactions. In addition to paying a fine of US $1.2 million, Mr. Evans was required never to trade on or subject to the rules of any CFTC registered entity, among other prohibitions.