Ill. No Good For CFTC Oil Futures Spoofing Suit, Traders Say
ADVERTISEMENT ADVERTISEMENT Ill. No Good For CFTC Oil Futures Spoofing Suit, Traders Say Law360 (March 2, 2021, 3:52 PM EST) -- A Slovakian father-and-son duo accused of spoofing the crude oil futures market urged an Illinois federal judge Monday to toss the U.S. Commodity Futures Trading Commission's suit against them, arguing the court has no jurisdiction over the agency's claims. Slovakian trader Roman Banoczay Jr. and his father told U.S. District Judge Gary Feinerman that he should dismiss the CFTC's suit against them because the agency lobbed "plainly inaccurate and barebones assertion...