June 30, 2020 BY Steffy Bogdanova

Cunningham Commodities agrees to pay $250K for supervision violations

The CFTC found that Cunningham Commodities’ did not supervise the GIB accounts over a sixteen-month period diligently. Moreover, the company entered into the guarantee with the GIB despite knowing that the GIB offered a “trading program” to customers when it was not registered as a commodity trading advisor and that the majority of customers lost…

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