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Credit Suisse to Pay $665,000 for Futures Violation

March 28, 2016 by Eugene Grygo

U.S. commodities trading regulator the CFTC has ordered a payment of penalties totaling $665,000 from Credit Suisse International (CSI) for violating a speculative position limit for wheat futures and from Credit Suisse Securities (CSS-USA) for allegedly submitting misleading information to the regulator about the incident. The CFTC charged that the London-based CSI “exceeded the CFTC… Read More >>

Filed Under: Derivatives Operations, General Interest, AML/Fraud/Financial Crime, Regulation & Compliance, Industry News Tagged With: CBOT, CFTC, CFTC Regulation, Commodity Exchange Act (CEA), Credit Suisse, CSI, David Acevedo, Derek Shakabpa, futures, Jordon Grimm, Jr., Lenel Hickson, Manal Sultan, Michael R. Berlowitz, Trevor Kokal

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