CFTC Orders Enskilda Futures Limited to Pay a $125,000 Penalty for Failing to Meet Minimum Capital Requirements Due to Margin Errors

The CFTC issued an Order filing and simultaneously settling charges against Enskilda Futures Limited ("EFL"), a London-based FCM, for failing to meet the minimum capital requirements as set forth in Commodity Exchange Act Section 4f(b) and CFTCRule 1.17. According to the Order, the failure to meet the minimum capital requirements was a result of "EFL's failure to call for sufficient margin collateral on an intra-month basis from its ultimate parent, Skandinaviska Enskilda Banken, AB ("SEB"), which holds an omnibus account at EFL." The CFTC Order requires EFL to pay a $125,000 civil monetary penalty.

See: Order, Enskilda Futures Limited.