trending Market Intelligence /marketintelligence/en/news-insights/trending/yrKZUILwEOzq4BCzpI4KrQ2 content esgSubNav
In This List

CFTC fines SG Americas Securities over wash trades


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

CFTC fines SG Americas Securities over wash trades

The U.S. Commodity Futures Trading Commission ordered to pay$750,000 to settle charges that it participated in wash trades and failed to diligentlysupervise over a three-and-a-half year period.

SG Americas Securities also agreed to improve its internal controlsand procedures to detect and prevent the execution, clearing and reporting to anexchange of non-bona fide exchange of futures for physical transactions.

SG Americas Securities settled the charges as successor to NewedgeUSA LLC, which allegedly engaged in wash trades from June 2010 through at leastJanuary 2014.

The two companies merged effective Jan. 2, 2015, with SG AmericasSecurities being the surviving entity, according to Newedge's website.

SG Americas Securities is a unit of Société Générale SA.