CPO fined for missing report

The CFTC has filed and settled charges against Dearborn Trading, Inc, a registered commodity pool operator (“CPO”), and the firm’s owner and principle, Joel Bronstein. The defendants failed to file a closing Annual Report (or liquidation statement) for their Dearborn Trading Fund commodity pool. Dearborn must pay $180,000 in civil monetary penalty and file a liquidity statement within 30 days.

According to the CFTC, from January to June 2009 the defendants operated the Deadborn Trading Fund commodity pool. When the pool ceased trading around June 30, 2009, the defendants failed to file a closing Annual Report within 90 calendar days. This put the defendants in violation of CFTC regulation 4.22(c).

Read more about this CFTC enforcement action.
Creative Commons License photo credit: photosteve101

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