September 28, 2016

SG Americas Securities, LLC, successor to Newedge USA, LLC, a financial services firm registered with the CFTC as a Futures Commission Merchant, was ordered to pay a $750,000 penalty and undertake internal control procedures for participating in unlawful wash trades and for failing to diligently supervise employees over a three and a half year period.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Market Manipulation and Trading Violations,