Violation Tracker Individual Record

Company: 
BC Capital Group S.A., BC Capital Group International Limited, and BC Capital Group Holdings S.A.
Current Parent Company: 
BC Capital Group
Penalty: 
$490,246,741
Year: 
2016
Date: 
January 13, 2016
Primary Offense: 
securities issuance or trading violation
Violation Description: 

The Commodity Futures Trading Commission announced that the U.S. District Court for the Northern District of Illinois entered an Order of Default Judgment against Nikolai S. Battoo, BC Capital Group S.A., BC Capital Group International Limited, and BC Capital Group Holdings S.A. for committing a global commodity futures and options fraud.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Panama
Ownership Structure of Parent: 
out of business
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
asset management
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.