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Hedge Funds

Cftc Charges Hedge Fund With Violating Wheat Futures Speculative Position Limits | U.s. Commodity Futures Trading Commission

by cftc.gov posted 3weeks ago 158 views
Washington, DC — The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Elephas Investment Management Ltd. (Elephas), a Hong Kong based hedge fund, for violating wheat futures speculative position limits. The Order requires Elephas to pay a $160,000 civil monetary penalty. The Order finds that on November 29, 2017, Elephas held a net long position in the Chicago Board of Trade’s December 2017 soft red winter wheat futures contract of more than 1,000 contracts in excess of the spot month speculative position limit established by the CFTC.

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