The CFTC notified a British-Swiss commodities trading and mining firm that its organization and its subsidiaries are under investigation for violations of the Commodity Exchange Act (CEA) and CFTC rules. This probe is in conjunction with an ongoing investigation by the DOJ.
As previously covered, CFTC Division of Enforcement Director James McDonald pledged to enforce CEA provisions that bar foreign corrupt practices.
The commodities firm stated that it intends to cooperate with the CFTC throughout the investigation.
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