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Federal Court In Illinois Orders Matthew J. Marcus And His California Company Tech Power Inc. To Pay A $250,000 Penalty For Engineering A Money Pass Scheme Involving More Than 1,200 Single Stock Futures Trades

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The U.S. Commodity Futures Trading Commission (CFTC) today announced that on June 30, 2016, Judge Milton I. Shadur of the U.S. District Court for the Northern District of Illinois entered a Consent Order settling CFTC charges against Defendants Matthew J. Marcus of California and his company, Tech Power Inc., a Nevada corporation located in California, for engaging in fictitious single stock futures transactions and trading non-competitively on OneChicago LLC (OneChicago), an electronic futures exchange in Chicago, Illinois.

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