US Watchdog CFTC Slams $720k Fine on 2 Chinese Firms for Wash Trading
Mar 29, 2023
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The companies were charged with position limit violations and reporting failures.
The violations occurred between April 22 and May 1, 2020.
The Commodity Futures Trading Commission (CFTC), the US derivatives industry regulator, has slammed a fine of $720,000 on Chinese companies COFCO Corporation and Chinatex Corporation Limited.
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