CFTC steps up enforcement of data reporting violations
Agency “much more aggressive” in fining firms for reporting errors, say lawyers
It was a stinging rebuke to a top player in the energy markets, renowned for its technological prowess and its nimble approach to regulatory change. On March 16, the US Commodity Futures Trading Commission (CFTC) slapped a $3 million fine on Atlanta-based Ice, accusing the exchange of sending inaccurate data to the CFTC. Over a period of 20 months, lasting from October 2012 to May 2014, Ice submitted thousands of erroneous reports about trading activity in its marketplaces, despite repeated
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