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NatWest Group Hit With Spoofing Lawsuit After Pleading Guilty

NatWest Group Plc. was sued by three trading firms over manipulation of security futures, a day after the bank pleaded guilty to wire and securities fraud and agreed to pay $35 million in penalties.

M&N Trading LLC, Kohl Trading LLC and Port 22 LLC claim NatWest’s spoofing of security futures from 2008 to 2014 caused them “economic injury” by depriving them “of the ability to transact in a lawful market that was free of manipulation.”