DRW

CFTC takes Chicago firm, founder to trial over manipulation claims

Nate Raymond, Reuters
December 2, 2016
The U.S. Commodity Futures Trading Commission took a Chicago-based trading firm and its prominent founder to trial on Thursday over claims they manipulated the price of a futures contract, illegally earning nearly $13.5 million.

The Blotter: DRW charged with alleged price manipulation

Ginger Szala
November 22, 2013
Regulatory actions taken around the industry.

CFTC sues firm that sued CFTC to stop CFTC from suing it

Matt Levine, Bloomberg
November 6, 2013
A while back we talked about a lawsuit in which Chicago proprietary trading firm DRW Investments LLC had sued the Commodity Futures Regulatory Commission because it was afraid that the CFTC was going to sue it for market manipulation and, apparently, thought there was a rule that whoever sues first wins. Nope, not a rule.