United States First Circuit
Commodity Futures Trading Comm v. Wilson, 14-2173
In a commodity trading fraud case, the district court's summary judgment on the CFTC's request for a finding of liability and imposition of injunctive relief and civil penalties but refusal to award restitution, as measured by loss to pool participants, is affirmed over both parties' challenges where: 1) the district court's determination that based on the undisputed facts, defendant violated the anti-fraud provision of 7 U.S.C. section 6b(a); and 2) the district court did not err in concluding restitution was unavailable.
Appellate Information
- Decided
- Published 2016/01/29
Judges
- LYNCH
Court
- United States First Circuit