Barclays Capital Fined $800,000 by CFTC for Supervision Failures

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Barclays Capital Fined $800,000 by CFTC for Supervision Failures

Postby » Wed Aug 03, 2016 5:53 pm

The US Commodity Futures Trading Commission (CFTC) today issued an order requiring Barclays Capital, Inc. (Barclays), a Connecticut firm, to pay penalties for failing to diligently supervise the processing of exchange and clearing fees it charged customers for trading and clearing Chicago Mercantile Exchange products from January 2011 to April 2015.

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Barclays, which is registered with the CFTC as a Futures Commission Merchant, is required to pay $800,000 in penalties and refrain from violating the CFTC regulation governing diligent supervision.

Supervisory Failures

Customer transactions executed on exchanges are ... (read more)

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