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CFTC Orders The Options Clearing Corporation To Pay A $5 Million Penalty For Violations Of Core Principles And Regulations Related To Operational Risk Management

<p><span>The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against The Options Clearing Corporation (OCC), a Chicago-based CFTC-registered derivatives clearing organization (DCO).</span><a id="_Hlk127440561" name="_Hlk127440561"> </a><span>The order finds the respondent failed to establish, implement, maintain and enforce certain policies and procedures reasonably designed to ...
United States Gretchen Lowe Julie Mohr Scott Williamson Robert Howell Theodore Polley

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CFTC: Federal Court Orders California Precious Metals Firm And Its Owners To Pay $38 Million For Commodity Fraud And Registration Violations

<p><span>The Commodity Futures Trading Commission today announced the U.S. District Court for the Central District of California entered a consent order for permanent injunction, monetary sanctions, and equitable relief against </span><span>Monex Deposit Company</span><span>, </span><span>Monex Credit Company</span><span>, </span><span>Newport Services Corporation</span><span>, and thei...
United States Matthew Flagge Kyle Druding Michael Carabini Louis Carabini Rob Schwartz

CFTC Orders Minnesota Futures Commission Merchant To Pay $6.5 Million For Anti-Money Laundering, Risk Management, Recordkeeping, And Supervision Violations

<p><span>The Commodity Futures Trading Commission announced today it has issued an order simultaneously filing and settling charges against registered futures commission merchant (FCM) CHS Hedging LLC, of Inver Grove Heights, Minnesota, for anti-money laundering (AML), risk management, recordkeeping, and supervision violations. These violations are primarily a result of CHS Hedging failing to implement an adequate AML program, particularly as applied to a futures and options...
United States Inver Grove Heights Gretchen Lowe Ben Sedrish Cody Easterday Allisonv Passman

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