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CFTC Penalizes Firm $500K via Wash Sales Case

May 25, 2021 by Eugene Grygo

CFTC Penalizes Firm $500K via Wash Sales Case

SummerHaven Investment Management, a firm that acts as a commodity trading advisor (CTA) and commodity pool operator (CPO), has been penalized $500,000 by the CFTC on charges that it engaged in wash sales and other non-competitive transactions. The firm has also been charged with falling short in supervising these activities, according to the CFTC. The… Read More >>

Filed Under: Derivatives Operations, Derivatives Processing, Securities Operations, Buy-Side, Clearing, Data Management, Industry News, Middle-Office, Operational Risk, Reconciliation & Exceptions, Risk Management, Settlement, Governance, Back-Office, Integration, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: CFTC, CME, commodity trading advisors (CTAs), CPO, Dodd-Frank, ICE, listed derivatives, regulatory reporting

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