Sanction for Violating Corn Futures Speculative Position Limits and Failing to Supervise Traders

The CFTC announced that a firm registered as an FCM/CPO/CTA will pay a $220,000 civil monetary penalty and $3,475 in disgorgement to settle charges that it exceeded spot-month-position limits in corn futures and failed to supervise its traders diligently.

Cross-Reference(s): CFTC Rule 150.2 [Position Limits] and 166.3 [Supervision].

View Order in full here (links externally to CFTC website).See also: Press Release.