August 16, 2017 BY Valentina Kirilova
Copersucar Trading A.V.V. to pay a $300,000 CFTC fine for executing wash trades on ICE
The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Copersucar Trading A.V.V. (Copersucar), an Aruban corporation and a subsidiary of Copersucar S.A., the world’s largest sugar and ethanol company, based in São Paolo, Brazil, for executing prearranged, noncompetitive wash trades involving Sugar No. 11 futures Trade at Settlement…
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