CFTC Orders FCStone LLC to Pay a $1.5 Million Civil Monetary
Posted: Wed May 29, 2013 10:46 amCFTC Orders FCStone LLC to Pay a $1.5 Million Civil Monetary Penalty for Failing to Have Risk Controls, in Violation of Supervision Obligations
05/29/2013 11:09 AM EDT
The Commodity Futures Trading Commission issued an Order filing and simultaneously settling charges against FCStone LLC, a Futures Commission Merchant (FCM) headquartered in New York, New York, for failing to diligently supervise its officers and employees relating to its business as an FCM in violation of Commission Regulation 166.3, 17 C.F.R. ยง 166.3 (2008).
http://links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTMwNTI5LjE5MzAxNDMxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDEzMDUyOS4xOTMwMTQzMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3NTg4NjQxJmVtYWlsaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZ1c2VyaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&&&100&&&http://www.cftc.gov/PressRoom/PressReleases/pr6594-13.html
05/29/2013 11:09 AM EDT
The Commodity Futures Trading Commission issued an Order filing and simultaneously settling charges against FCStone LLC, a Futures Commission Merchant (FCM) headquartered in New York, New York, for failing to diligently supervise its officers and employees relating to its business as an FCM in violation of Commission Regulation 166.3, 17 C.F.R. ยง 166.3 (2008).
http://links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTMwNTI5LjE5MzAxNDMxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDEzMDUyOS4xOTMwMTQzMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3NTg4NjQxJmVtYWlsaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZ1c2VyaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&&&100&&&http://www.cftc.gov/PressRoom/PressReleases/pr6594-13.html