Archive

December 24, 2014

MF Global Holdings Ltd. must pay $1.212 billion in restitution (or such amount as necessary to ensure that claims of customers of its subsidiary, MF Global Inc. are paid in full). The CFTC previously filed and settled charges against MFGI for misuse of customer funds and related supervisory failures in violation of the Commodity Exchange Act and CFTC Regulations. CFTC

December 22, 2014

The CFTC ordered Deutsche Bank Securities Inc. to pay a $3 million penalty on charges of failing to properly invest customer segregated funds, failing to prepare and file accurate financial reports, failing to maintain required books and records, and for related supervisory failures. CFTC

December 18, 2014

A federal district court for the Southern District of New York has ordered Royal Bank of Canada to pay civil monetary penalties of $35 million for engaging in more than 1,000 illegal wash sales, fictitious sales, and noncompetitive transactions over a three-year period.  CFTC