By
Aaron Nicodemus2024-06-17T20:35:00
Singapore-based commodity trading company Trafigura will pay $55 million to the Commodity Futures Trading Commission (CFTC) to settle charges related to fraud, manipulation, and impeding whistleblower communications with the agency.
Trafigura used material nonpublic information from an employee of a Mexican trading company its traders knew or were reckless in not knowing, the CFTC alleged in a press release Monday.
In February 2017, the company manipulated a fuel oil benchmark to benefit its futures and swaps positions and violated the Mexican employee’s duties to the trading entity where they worked, the agency added.
2024-09-05T18:19:00Z By Aaron Nicodemus
Broker-dealer Nationwide Planning Associates and two affiliated investment advisers impeded potential whistleblowers from reporting misconduct to the Securities and Exchange Commission and have agreed to settle the charges for a combined $240,000.
2024-08-20T13:16:00Z By Aaron Nicodemus
Brazilian energy and sugar company Raizen Energia SA and its Swiss trading subsidiary will pay $850,000 in fines to settle charges that they engaged in illegal noncompetitive transactions.
2024-05-22T18:30:00Z By Aaron Nicodemus
The Financial Conduct Authority and Prudential Regulation Authority combined to fine a London-based Citigroup subsidiary approximately £61.7 million (U.S. $78.6 million) for control failures related to its trading system.
2025-10-28T21:11:00Z By Adrianne Appel
Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision barring actions that could severely harm the agency.
2025-10-23T20:36:00Z By Jaclyn Jaeger
It has been nearly six months now since the Department of Justice’s (DOJ) Criminal Division released its memorandum on the selection of compliance monitors. This article provides a critical analysis of the monitorships that received early terminations, those that remain in place, and the broader compliance lessons they impart.
2025-10-23T20:07:00Z By Oscar Gonzalez
The founder of crypto exchange Binance, Changpeng Zhao, received a pardon from President Donald Trump. This pardon comes almost two years after Zhao signed a plea agreement and was sentenced to a four-month prison sentence.
Site powered by Webvision Cloud