Live Breaking News & Updates on Division Of Enforcement Staff

Stay updated with breaking news from Division of enforcement staff. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

CFTC Orders ICE Clear Europe Limited To Pay A $450,000 Civil Monetary Penalty For Violating Customer Protection Regulations

<p><span>The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against&nbsp;ICE Clear Europe Limited&nbsp;(ICEU) for violating regulations requiring derivatives clearing organizations (DCOs) to obtain written acknowledgment letters from a depository. Acknowledgment letters state that the depository was informed that funds deposited are customer funds being held in accordance with the Commodity Exchange Act (CEA) and restrict the use of such funds, among other things. The order requires ICEU to pay a $450,000 civil monetary penalty and to cease and desist from any further violations of the CFTC regulations, as charged.</span></p> ....

Robertt Howell , Elizabethn Pendleton , Bryan Hsueh , Scottr Williamson , Ansley Schrimpf , Commodity Futures Trading Commission , Commodity Exchange Act , Division Of Clearing , Clear Europe , Division Of Enforcement Staff , Europe Limited , Enforcement Staff ,