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…...
![You are currently viewing Recent CFTC Enforcement Matter Serves as Warning to Exempt CTAs](https://www.theniba.com/wp-content/uploads/2023/03/NIBA-Logo-2.jpg)