CFTC V. Wilson and DRW Investments
Case 1:13-cv-07884-RJS-KNF Document 207 Filed 11/30/18 Page 1 of 27 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK n(,o(, f_ - No. 13 Civ. 7884 (RJS) UNITED STATES COMMODITY FUTURES TRADING COMMISSION, Plaintiff, VERSUS DONALD R. WILSON AND DRW INVESTMENTS, LLC, Defendants. MEMORANDUM AND ORDER November 30, 2018 RICHARD J. SULLIVAN, Circuit Judge: Plaintiff, the United States Commodity presided over a bench trial in this action, the Futures Trading Commission (the "CFTC"), Court issues the following findings of fact brings this action against Defendants Donald and conclusions of law pursuant to Federal R. Wilson ("Wilson") and his company Rule of Civil Procedure 52(a). For the DRW Investments, LLC ("DRW"), alleging reasons set forth below, the Court finds that that Defendants manipulated or attempted to the CFTC has failed to meet its burden of manipulate the price of a commodity in proof with respect to its market manipulation, violation of Sections 6(c) and 9(a)(2) of the attempted market manipulation, and control Commodity Exchange Act (the "CEA"), 7 person liability claims, and enters a judgment U .S.C. §§ 9, 13(a)(2) (2006). 1 Having in favor of Defendants. I. PROCEDURAL HISTORY 1 The CFTC alleges violations of the CEA as it existed during the period relevant to this action, which extended to August 12, 2011. (See, e.g., Doc. On November 6, 2013, the CFTC filed a No. I ("Complaint" or "Comp!.") 11 63, 70.) complaint alleging that Defendants Although the Dodd-Frank Wall Street Reform and "unlawfully placed orders for certain futures Consumer Protection Act amended portions of the contracts with the intent to move the prices of CEA, these amendments did not take effect until the contracts in their favor" and "to increase August 15, 2011.
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