January 17, 2017

CNCGC Hong Kong Ltd. was ordered to pay a $150,000 penalty for failing to file required CFTC Form 304 Cotton On-Call Reports. The form requires trading companies to report its call cotton purchases and sales when it held or controlled at least one hundred cotton futures positions. CNCGC also filed its Form 304 reports late on two occasions. CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,