Tag: CFTC fine

SFC fines
August 16, 2017 BY Valentina Kirilova

Copersucar Trading A.V.V. to pay a $300,000 CFTC fine for executing wash trades on ICE

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Copersucar Trading A.V.V. (Copersucar), an Aruban corporation and a subsidiary of Copersucar S.A., the world’s largest sugar and ethanol company, based in São Paolo, Brazil, for executing prearranged, noncompetitive wash trades involving Sugar No. 11 futures Trade at Settlement…

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SFC fines
August 07, 2017 BY LeapRate Staff

Bank of Tokyo-Mitsubishi UFJ fined for futures Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Mitsubishi UFJ Financial Group Inc (TYO:8306) unit The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) for engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures…

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SFC fines
July 26, 2017 BY LeapRate Staff

CFTC bans and fines commodities trader Simon Posen for Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Simon Posen of New York, New York for engaging in thousands of incidents of “spoofing” in gold, silver, and copper futures contracts traded on the Commodity Exchange, Inc., and crude oil futures contracts traded on the New York Mercantile Exchange over a…

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Arthur Toole III CFTC fine
July 20, 2017 BY LeapRate Staff

Arthur Toole III and his companies Billionaire Investor Group and Catalyst Traders fined for commodity pool fraud

The U.S. Commodity Futures Trading Commission (CFTC) has announced the settling of charges against Arthur Toole III of Atlanta, Georgia and his companies Billionaire Investor Group (BIG), a Texas limited liability company, The Toole Group Inc., a Texas corporation, and Catalyst Traders LLC, a Georgia limited liability company, for misappropriating commodity pool funds, fraudulent misrepresentations, commingling pool funds,…

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SFC fines
June 30, 2017 BY LeapRate Staff

Rosenthal Collins, now known as DV Trading, fined $5 million for illegal wash sales

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing and simultaneous settlement of charges against Rosenthal Collins Capital Markets, LLC, now known as DV Trading LLC (RCCM), of Chicago, Illinois, for engaging in illegal wash sales in order to generate rebates of exchange fees based upon increased trading volumes. The CFTC Order requires RCCM to…

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Charles McVean cattle futures CFTC fine manipulative
June 21, 2017 BY LeapRate Staff

McVean Trading charged with deceptive conduct in cattle futures market, $5 million in fines handed out

The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order filing and simultaneously settling charges against Respondents McVean Trading & Investments, LLC (MTI), a Memphis-based Futures Commission Merchant (FCM), its Chairman and CEO, Charles Dow McVean, Sr. (McVean, pictured above), and President, Michael J. Wharton (Wharton), and long-time MTI consultant Samuel C. Gilmore (Gilmore).…

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January 26, 2017 BY LeapRate Staff

E*Trade hit with $280,000 CFTC fine for record keeping and supervision issues

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against units of online brokerage firm E*TRADE Financial Corp (NASDAQ:ETFC) - E*TRADE Securities LLC (E*TRADE Securities), an Introducing Broker, and E*TRADE Clearing LLC (E*TRADE Clearing), a Futures Commission Merchant - for non-compliance with applicable record-keeping rules and failure to diligently…

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