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Federal Court in Chicago Orders U.K. Resident Navinder Singh Sarao to Pay More than $38 Million in Monetary Sanctions for Price Manipulation and Spoofing

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The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Andrea R. Wood of the U.S. District Court for the Northern District of Illinois entered a Consent Order against Navinder Singh Sarao that requires him to pay a $25,743.174.52 civil monetary penalty and $12,871,587.26 in disgorgement.



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