Panel Upholds Former Trader's Market Manipulation Scheme Conviction

Mealey's (July 31, 2020, 9:14 AM EDT) -- ST. LOUIS — The Eighth Circuit U.S. Court of Appeals ruled July 30 that a district court did not err in convicting a former derivatives trader on counts of wire fraud, securities fraud and conspiracy to commit securities fraud in connection with his operation of a market manipulation scheme, rejecting his argument that his conduct was "not manipulative as a matter of law" (United States v. Ryan Randall Gilbertson, No. 18-3745, 8th Cir., 2020 U.S. App. LEXIS 24048)....