The Commodity Futures Trading Commission (CFTC) has amended its complaint against Logista Advisors LLC and its chief executive officer, Andrew Harris Serotta.
The amended complaint was filed on November 28, 2023 with the Illinois Northern District Court.
The amended complaint alleges that, from at least in or around January 2020 through at least in or around April 2020, Logista, acting through its head trader, principal, and chief executive officer, Serotta, engaged in manipulative and deceptive acts and practices in the natural gas futures and crude oil futures markets, while placing orders for and trading futures contracts on a registered entity.
By placing hundreds of orders with the intent to cancel them before execution, Defendants intentionally or recklessly sent false signals of increased buying or selling interest designed…
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