Recent CFTC Enforcement Matter Serves as Warning to Exempt CTAs

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…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest.
Log In Register
Close Menu