Elsasser v. DV Trading, LLC

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION BRANDON ELSASSER, SETH RUBIN, ) and COLLINS BROWN, ) Case No. 17-cv-04825 ) Plaintiffs, ) Judge Joan B. Gottschall v. ) ) DV TRADING, LLC, ) ) Defendant. ) MEMORANDUM OPINION AND ORDER In 2016, the Commodity Futures Trading Commission (“CFTC”) assessed a $5 million monetary penalty (“the penalty”) against DV Trading, LLC (“DV”), to settle allegations that its predecessors’ traders engaged in prohibited wash trading of Eurodollar futures contracts between 2013–15.1 See CFTC Order 2–5, 6–7, ECF No. 46-1,…