Violation Tracker Individual Record

Company: 
Arab Global Commodities DMCC
Penalty: 
$300,000
Year: 
2017
Date: 
October 10, 2017
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

The Commodity Futures Trading Commission issued an Order filing and settling charges against Arab Global Commodities DMCC, a proprietary trading firm headquartered in Dubai, with several trading offices in India, for engaging in the disruptive trading practice of spoofing in the copper futures contract traded on the Commodity Exchange, Inc. (COMEX) between March and August 2016.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.