StoneX admits disclosure, supervision lapses in $650K CFTC settlement
By 
Jeff Dale2023-09-21T19:27:00
A Chicago-based swap dealer agreed to pay $650,000 as part of a settlement with the Commodity Futures Trading Commission (CFTC) addressing admitted disclosure and supervision failures.
StoneX Markets failed to disclose thousands of pre-trade mid-market marks (PTMMM) and to diligently supervise its disclosure process, the CFTC announced in a press release Wednesday. The firm was ordered to complete a remediation plan and submit reports to the CFTC’s Division of Enforcement on its compliance.
From March 2016 to at least June 2022, StoneX failed to comply with the CFTC’s business conduct standards by not properly training and monitoring associated persons regarding its disclosure requirements, the agency said in its order.
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