CFTC hits former fuel-oil trader with $100,000 penalty for market manipulation

WASHINGTON, March 25 (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against a former fuel oil trader for market manipulation, the regulator said in a statement on Thursday. Emilio José Heredia Collado admitted to manipulating, and attempting to manipulate, a U.S. fuel oil benchmark. The CFTC hit Heredia with a $100,000 civil penalty and permanently banned him from trading commodity interests, the statement said. Reporting by Chris Prentice

Continue reading CFTC hits former fuel-oil trader with $100,000 penalty for market manipulation. This article appeared first on CTRM Center.

Source: CTRM Center

Related Posts

Leave a reply