Violation Tracker Individual Record

Company: 
Dairy Farmers of America, Inc.
Current Parent Company: 
Dairy Farmers of America (DFA)
Penalty: 
$12,000,000
Year: 
2008
Date: 
December 16, 2008
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

The U.S. Commodity Futures Trading Commission announced that the Dairy Farmers of America, Inc., its former chief executive officer and its former chief financial officer would pay a $12 million civil monetary penalty for attempting to manipulate the Class III milk futures contract and exceeding speculative position limits in that contract.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Missouri
Ownership Structure of Parent: 
cooperative
Major Industry of Parent: 
food products
Specific Industry of Parent: 
food products
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.