Mathew Marcus and his company, Tech Power Inc., agreed to settle charges brought by the Commodity Futures Trading Commission in connection with an alleged scheme that utilized pre-arranged, noncompetitive matched trades involving single stock futures traded on One Chicago. This scheme was used, said the CFTC, to impermissibly transfer US $390,000 from an account in the name of a law firm to Tech Power. The respondents agreed to pay a fine of US $250,000 to resolve this matter. (Click here for details regarding the CFTC’s initial complaint in the article, “CFTC Sues Respondents, Including Lawyer, for Single Stock Futures Pre-Arranged Trading to Pass Money” in the April 18, 2015 edition of Bridging the Week.)
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