Tag: Wash trades

SFC fines
June 30, 2017 BY LeapRate Staff

Rosenthal Collins, now known as DV Trading, fined $5 million for illegal wash sales

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing and simultaneous settlement of charges against Rosenthal Collins Capital Markets, LLC, now known as DV Trading LLC (RCCM), of Chicago, Illinois, for engaging in illegal wash sales in order to generate rebates of exchange fees based upon increased trading volumes. The CFTC Order requires RCCM to…

Read more
September 28, 2016 BY LeapRate Staff

Societe Generale unit hit by CFTC with $750,000 fine for illegal Wash trades

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against SG Americas Securities, LLC, as successor to Newedge USA, LLC (Newedge), a financial services firm registered with the CFTC as a Futures Commission Merchant for participating in unlawful wash trades and for failing to diligently supervise over a…

Read more