Krishna Mohan settled an enforcement action by the Commodity Futures Trading Commission, admitting to manipulative and deceptive trading on the Chicago Mercantile Exchange and Chicago Board of Trade from at least September 2012 through March 2014. In particular, Mr. Mohan admitted that he engaged in spoofing transactions on “thousands of occasions” from November 2013 to December 2013, “intentionally sending false signals of increased supply or demand designed to trick market participants into executing against the orders he wanted to fill.” Previously, Mr. Mohan pleaded guilty in a federal court in Texas to the same prohibited trading activities. (Click here for background in the article “Three Traders Plead Guilty to Spoofing Violations” in the November 11, 2018 edition of Bridging the Week.)