On September 20, the issued an order filing and settling charges against Geneva Trading USA, LLC (Geneva) for engaging in the disruptive trading practice of spoofing. The CFTC’s order finds that Geneva engaged in this activity through three of its employees identified in the order as Trader A, Trader B, and Trader C. The Order finds that generally, all three traders used the same spoofing pattern: the trader manually placed a smaller order on one side of the market at or near the best price while placing a larger order or series of orders on the opposite side of the market. According to the CFTC, the large orders were often modified to avoid getting filled before they were ultimately cancelled. The CFTC alleges that the traders traded in this manner to create — or sometimes exacerbate — an imbalance in the order book and to induce other market participants to transact on the smaller order. The order requires Geneva to pay a $1.5 million civil monetary penalty.