I believe fictitious trading deserves a penalty. Tera Exchange facilitated wash trading and prearranged trading in violation of the Commodity Exchange Act. That is why we brought this case. I fundamentally disagree with the notion that they deserve no penalty. Accordingly, I dissent.
FTSE Mondo Visione Exchanges Index:
Dissenting Statement By CFTC Commissioner Sharon Y. Bowen Regarding TeraExchange LLC
Date 24/09/2015