Earlier this year, the CFTC ordered Summit Energy Services, Inc. (“Summit Energy”) to pay a $140,000 civil penalty to resolve allegations that it violated Section 4m(1) of the Commodity Exchange Act by failing to register as a CTA. The CFTC held that Summit Energy engaged in the business of advising 15 or more clients as...
Recent CFTC Enforcement Matter Serves as Warning to Exempt CTAs
- Post published:May 21, 2015
- Post category:Compliance / Legal