CFTC Charges Commodity Pool Operators And Their Co-Chief Investment Officer With Deception And Manipulation In Connection With Swaps And Supervision Failures

<p><span>The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Southern District of New York against&nbsp;</span><span>Glen Point Capital Advisors LP</span><span>&nbsp;and&nbsp;</span><span>Glen Point Capital LLP&nbsp;</span><span>(collectively,</span><span>&nbsp;</span><span>Glen Point Capital), two CFTC-registered commodity pool operators, and their Co-Founder and Co-Chief Investment Officer,&nbsp;</span><span>Neil Phillips</span><span>, charging them with engaging in a deceptive and manipulative scheme to illegally trigger payouts on two large binary option contracts. Additionally, the defendants are charged with failing to supervise the trading activities of their officers, employees,</span></p>

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