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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Unlawful Exchange for Related Position Transactions

The Commodity Futures Trading Commission (CFTC) settled charges against FCStone Merchant Services LLC for allegedly entering into multiple noncompetitive trades, and against INTL FCStone Financial Inc. for allegedly reporting non-bona fide prices to the Chicago Mercantile Exchange between December 2013 and March 2014 and for failing to have an adequate supervisory system in place with regard to the execution, handling, and reporting of exchange for related position transactions. FCStone Financial and FCStone Merchant jointly paid a $280,000 civil penalty.

Misconduct Type
Securities
Enforcement Agency
CFTC
Contracting Party
None
Court Type
Administrative
Disposition
Settlement
Date of Order
11/14/2017
Contractors Involved Penalty
Total
Intl FCStone $280,000
Further Information Released
CFTC Press Release 11/14/2017
Order 11/14/2017

Federal Contractor Misconduct Database