Pre-trial Briefing CFTC v. Wilson and the Requirement of Intent to Cause an Artificial Price in Attempted Manipulation Cases

Pre-trial Briefing CFTC v. Wilson and the Requirement of Intent to Cause an Artificial Price in Attempted Manipulation Cases

November 30, 2016, Covington Alert

The Commodity Futures Trading Commission is set to begin its trial of Donald R. Wilson and his proprietary trading firm, DRW Investments, LLC (“DRW”) on December 1, 2016. In advance of this trial, this alert provides the legal theory that will be tested during this trial and other observations related to the CFTC’s pursuit of attempted manipulation.