TWO FORMER EXECUTIVES OF DFA SUBSIDIARY TO PAY $150,000 FOR AIDING AND ABETTING DAIRY FARMERS OF AMERICA'S POSITION LIMIT VIOLATION
December 16, 2008
December 16, 2008
WASHINGTON, Dec. 16 -- The Commodity Futures Trading Commission issued the following enforcement news release:
The U.S. Commodity Futures Trading Commission (CFTC) announced today that the Dairy Farmers of America, Inc. (DFA), its former Chief Executive Officer Gary Hanman, and its former Chief Financial Officer Gerald Bos will pay a $12 million civil monetary penalty for attempting to manipulate the Class III milk futures contract and exceeding speculative position limits in that . . .
The U.S. Commodity Futures Trading Commission (CFTC) announced today that the Dairy Farmers of America, Inc. (DFA), its former Chief Executive Officer Gary Hanman, and its former Chief Financial Officer Gerald Bos will pay a $12 million civil monetary penalty for attempting to manipulate the Class III milk futures contract and exceeding speculative position limits in that . . .