CFTC fines BGC for supervision failings

Judgement
By GlobalCapital
25 Nov 2019

The US Commodity Futures Trading Commission has ordered BGC Financial to pay a $3m civil monetary penalty over alleged supervision, reporting and record-keeping failings.

The CFTC issued an order filing and settling charges against the broker for violations that took place over more than five years.

As part of the order, BGC must pay the penalty and cease and desist from further violations and comply with certain undertakings. The latter includes the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial