Jitesh Thakkar

Sarao Sentenced to Home Detention

Sarao Sentenced to Home Detention

Navinder Singh Sarao escaped possible detention in a U.S. prison for anywhere from 78 to 97 months when he was sentenced yesterday in Chicago to one year of detention to be served at his parents’ home in Hounslow, west London. The term of the sentence begins today.      

Nothing Learned from the CFTC Bullying a Win in the Thakkar Case

Nothing Learned from the CFTC Bullying a Win in the Thakkar Case

If Jitesh Thakkar loses his case brought by the Enforcement Division of the CFTC, it will not be because the facts in the case are damning against him. It will be because the CFTC has bled Thakkar and his family and friends dry of the financial resources and the will to persevere. It will be because the CFTC’s tactic of drawing out the process and the costs for deposing him, former employees and even customers became too much for Thakkar to endure.

Justice for Jitesh: Special Sauce is Never Shared

Justice for Jitesh: Special Sauce is Never Shared

I worked with traders and systems developers for many years when I was a futures broker. During the time I worked with them, they never shared with me their “special sauce,” the intellectual property that made their trading systems tick. There...

Statement on Justice for Jitesh Thakkar

Statement on Justice for Jitesh Thakkar

There is a cloud hanging over the CFTC’s Technology Advisory Committee that does not involve Bitcoin. That cloud has darkened recently. The cloud is the civil case against Jitesh Thakkar, a one-time contributor to the TAC’s high frequency...

CFTC v Thakkar: a fishing license

CFTC v Thakkar: a fishing license

Jitesh Thakkar, the Chicago computer programmer charged with aiding and abetting a market manipulation by supplying software, was back in court on Wednesday. Thakkar’s attorney, Renato Mariotti, presented his motion for summary judgment at least to forestall lengthy discovery by the CFTC.

Ah, September! Litigation is in the air

Ah, September! Litigation is in the air

This year, early September is back-to-federal-court time in Chicago. Three of our favorite cases have seen some recent action in the Dirksen Building.CFTC v Kraft and Mondelez.  Last week, the CFTC asked to move the date of the evidentiary...

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Could stock market volatility return in 2020?

Could stock market volatility return in 2020?

Lead Stories Could stock market volatility return in 2020? Bloomberg Stock market volatility, as measured by the Cboe Volatility Index, is near 5-year lows even as instability in the Middle East and the coronavirus have led to pockets of...

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