CFTC Orders Multinational Commodities Trading Firm to Pay $500,000 Penalty for Federal Position Limit Violations
August 14, 2024
August 14, 2024
WASHINGTON, Aug. 14 -- The Commodity Futures Trading Commission issued the following enforcement news release:
The Commodity Futures Trading Commission today issued an order filing and settling charges against , based in Houston, Texas, and its affiliate, , headquartered in Geneva, Switzerland(collectively Vitol)for exceeding the CFTC's position limits on aggregate positions across multiple exchanges in contracts that reference crude oil futures traded on the New York Mercantile Ex . . .
The Commodity Futures Trading Commission today issued an order filing and settling charges against , based in Houston, Texas, and its affiliate, , headquartered in Geneva, Switzerland(collectively Vitol)for exceeding the CFTC's position limits on aggregate positions across multiple exchanges in contracts that reference crude oil futures traded on the New York Mercantile Ex . . .