Page 44 - 期货和衍生品行业监管动态（2023年9月刊）

期货和衍生品行业监管动态

了一系列非法交易，涉及 33 笔、共 410 份期货合约的非竞争性虚假交易。通过

这一非法计划，Yu 将至少 15.9 万美元转给了她的表亲——中国上海的“交易者

A”。

Yu 和交易者 A 相互配合，密切协调交易，并通过实时沟通买卖报价来同步

进行虚假交易。行政令还认定，Yu 故意在整体交易量较低的期间输入报单，其

目的是在 CME 的 Globex 平台上找到并匹配交易者 A 的相反报单。Yu 故意从事

这种缺乏价格竞争和市场风险的交易活动，其唯一目的是将资金转入交易者 A 的

账户，其一行为触犯了 CEA 和 CFTC 联邦法规中的虚假交易条款。

CFTC Orders California Resident to Pay $300,000 for a Fictitious Sales Scheme

(2023/9/20)

The Commodity Futures Trading Commission today issued an order

simultaneously filing and settling charges against Jie “Elaine” Yu of Irvine, California,

for engaging in a fictitious sales scheme. The order requires Yu to pay a $300,000 civil
monetary penalty, cease and desist from further violations of the Commodity Exchange

Act (CEA) and CFTC regulations, as charged, and it imposes six-month trading and

registration bans.

Case Background

The order finds that in October and November 2021, Yu engaged in a series of

illegal transactions on the Chicago Mercantile Exchange (CME) involving 33 non-

competitive, fictitious sales of 410 futures contracts. Through this illegal scheme, Yu

transferred at least $159,000 to her cousin, “Trader A” of Shanghai, China.

The order states Yu and Trader A worked in tandem, closely coordinated their

trading, and synchronized their fictitious sales by communicating in real time about

their bids and offers. The order also finds Yu intentionally entered orders during periods

of low overall trading volume with the express purpose of finding and matching Trader

A’s opposite orders on CME’s Globex platform. The order finds Yu intentionally

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