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The CFTC fined Libero Commodities SA ("Libero"), an agricultural trading company, for failing to comply with its legal obligation as a reportable trader. Libero failed to submit weekly call cotton purchases and sales to the CFTC. Specifically, the CFTC issued an Order which found that on approximately 200 occasions from May 2010 through April 29, 2014, Libero held or controlled at least 100 cotton futures positions, but failed to file weekly CFTC Form 304 Reports as required by CFTC Rule 19.02. The CFTC fined Libero $480,000 as a result of the firm's failure to file the necessary reports