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…

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