1 15-cv-03398 Judge Andrea
R
Wood
UNITED STATES DISTRICT
Magistrate Judge Michael
T
Mason
FOR THE
NORTHER
DISTRICT
U li
IL.LJ.t~v.1b
U.S.
COMMODITY
FUTURES TRADING COMMISSION
Plaintiff,
v
NA V
SARAO
FUTURES LIMITED PLC
AND NA
VINDER SINGH
SARAO,
Defendants.
RE EIVED
APR
l
·7
2 15
THOMAS
G
BRUTON
)
CIVIL
CTI~~~.U
S
DISTRI T
O RT
------------------------~-----
.
COVER SHEET
.
SEALED DOCUMENT PURSUANT
TO
LR
26.2 The following pleading, titled Complaint for Injunctive Relief, Civil Monetary Penalties, and Other Equitable Relief,
s
a sealed document pursuant to Local Rules 5.8 and 26.2, in accordance
with
an order
of
his Court dated , 2015. Respectfully submitted, es D. Marvine o.
BarNo.
44906) ey Le Riche Mo.
Bar
No. 46557) o Mettenburg Ks.
Bar
No. 19423) Jennifer J. Chapin Mo.
Bar
No. 50554) U.S. Commodity Futures Trading Commission 4900 Main Street, Suite 500 Kansas City,
MO
64112 Tel: 816) 960-7743 Marvine) Tel: 816) 960-7745 Le Riche} Tel: 816) 960-7744 Mettenburg) Tel: 816) 960-7746 Chapin) Fax: 816) 960-7750 cmarv1ne@Cftc.gov --·
~
~··
~
-jleriche@cftc.gov jmettenburg@cftc.gov jchapin@cftc.gov
.;.. t
Carlin Metzger . Illinois A.R.D.C. No. 627;5516 U.S. Commodity Futures Trading Commission 525 West Monroe Street, Suite 1100 Chicago, IL 60661 Telephone: 312) 596-0536 Fax:312-596-0714 cmetzger@cftc.gov
~
1 : 15 cv 03398
Judge
Andrea R.
Wood
Magistrate
Judge Michael
T
Mason
UNITED STATES
DISTRIC.
-.--vu.n..o.
FOR THE NORTHERN
DISTRICT
OF ILLINOIS
..
U.S.
COMMODITY
FUTURES
TRADING
COMMISSION Plaintiff
v
NA V SARAO FUTURES LIMITED PLC AND NA VINDER SINGH SARAO Defendants.
)
CIVIL
ACTION
NO.
)
____________
____
__
______
______
)
COMPLAINT FOR
INJUNCTIVE RELIEF CIVIL
MONETARY
PENALTIES
AND OTHER EQUITABLE RELIEF
The U.S. Commodity Futures Trading Commission (Conunission
or
CFTC), by and through its
attorneys, hereby a
ll
eges as
fo
llows:
I. INTRODUCTION
1
m
ing ce1iain periods from J
Lme
20
09 to the present, Defendants engaged and are engaging in a massive effort to manipulate the Chicago Mercantile Exchange's (CME's) E-mini
S P 500 futures contract (the E-
min i
S P) by uti
li
zing a variety
of
exceptiona
ll
y large,
aggressive, and persistent spoofing tactics. In particular, beginning in June 2009, Defendants
schemed to design and utilize
an
automated system to manipulate the E-mini S P price to their
benefit. From at least April2010
to
January 2012; July 2012 to June 2014; and September 2014 to
present (the Relevant Period), Navinder Sarao (Sarao) and/or his company Nav Sarao Futures
Limited PLC (Sarao Futures), acting through its agents and employees, including Sarao,
(co
ll
ectively, Defendants), used this automated system, as
we
ll as a variety
of
manual techniques,
to
place, modify, and cancel hundreds
of
thousands
of
orders with no intentio
of
executing such
|