The Commodity Futures Trading Commission published an order filing and settling spoofing charges against Sidney Lebental over Treasury futures trading on the Chicago Board of Trade, primarily involving the Ultra U.S. Treasury Bond futures contract. The order requires Lebental to pay a USD 200,000 civil monetary penalty, bars him from trading commodity interests for one month, and directs him to cease and desist from violating the spoofing prohibition in the Commodity Exchange Act. According to the order, Lebental engaged in spoofing on about 50 occasions between January and September 2019 by placing genuine orders for cash Treasuries, or in some cases a Treasury futures contract, on one side of the market while entering opposite-side orders in a correlated Treasury futures contract that he intended to cancel before execution. Once the genuine orders were filled, he canceled the spoof orders.

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