Tag: Summer Mersinger

Whistleblower Power: The CFTC $55 Million Fine in an Embattled Whistleblower Enforcement Action!

CFTC Charlene Lensburg - July 27, 2024

In an embattled decision, the U.S. Commodity Futures Trading Commission (CFTC) has imposed a $55 million fine on Trafigura Trading LLC, a Houston-based subsidiary of the global commodities trader Trafigura PTE, Ltd. This marks the CFTC's first-ever enforcement action under its whistleblower protection rule, implemented seven years ago. The settlement, announced on June 17, 2024, addresses multiple violations of the Commodity Exchange Act (CEA) and CFTC regulations by Trafigura Trading LLC.

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