CFTC hits former fuel-oil trader with $100,000 penalty for market manipulation

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WASHINGTON, March 25 (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against a former fuel oil trader for market manipulation, the regulator said in a statement on Thursday.

Emilio José Heredia Collado admitted to manipulating, and attempting to manipulate, a U.S. fuel oil benchmark. The CFTC hit Heredia with a $100,000 civil penalty and permanently banned him from trading commodity interests, the statement said.

Reporting by Chris Prentice

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Source - CFTC hits former fuel-oil trader with $100,000 penalty for market manipulation

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