The Business Conduct Committee of the Chicago Board of Trade banned a trader for violating rules prohibiting wash trades and committing other trade-related offenses.
February 21, 2020
The Business Conduct Committee of the Chicago Board of Trade banned a trader for violating rules prohibiting wash trades and committing other trade-related offenses.
CFTC Commissioner J. Christopher Giancarlo warned the CFTC not to promote policies that "needlessly impinge" on farmers' ability to hedge against plummeting commodity prices.
The CFTC simultaneously filed and settled charges against a commodities trading and distribution company for failing to file timely CFTC reports concerning call cotton purchases and sales.
The CFTC simultaneously filed and settled charges against a processor and trader of crude palm oil. The entity held or controlled soybean oil futures positions but failed to comply with CFTC reporting requirements.
The CFTC issued no-action time-limited relief to certain end users from a "trade option" filing requirement.