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CFTC Orders Glencore To Pay $1.186 Billion For Manipulation And Corruption - Vimarsana News

CFTC Orders Glencore To Pay $1.186 Billion For Manipulation And Corruption

<p>The Commodity Futures Trading Commission&nbsp;today issued an order filing and settling charges against&nbsp;Glencore International A.G.&nbsp;of Switzerland, Glencore Ltd.&nbsp;of New York,&nbsp;and&nbsp;Chemoil Corporation&nbsp;of New York (collectively, Glencore), an energy and commodities trading firm, for&nbsp;manipulative and deceptive conduct. The conduct, which spanned from least 2007 to 2018, involved manipulation and foreign corruption in the U.S. and global oil markets, including manipulation or attempted manipulation of four U.S. based S&...

CFTC: Federal Court Sanctions Slovakian Trader And His Principals For Spoofing And Engaging In A Manipulative And Deceptive Scheme - Vimarsana News

CFTC: Federal Court Sanctions Slovakian Trader And His Principals For Spoofing And Engaging In A Manipulative And Deceptive Scheme

<p><span>The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered a consent order on December 7, resolving CFTC charges that&nbsp;Roman Banoczay Jr.&nbsp;(Banoczay Jr.) of Bratislava, Slovakia, as an agent of&nbsp;Roman Banoczay Sr.&nbsp;(Banoczay Sr.) and their company,&nbsp;BAZUR Spol. S.R.O.&nbsp;(BAZUR), engaged in spoofing and in a manipulative and deceptive scheme to defraud in the Chicago Mercantile Exchange (CME) crude oil futures market in violation of the Commodity Exchange Act (...