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Regulatory Actions

REFCO LLC NFA ID: 0001975

This page includes information regarding the Case History of these matters concerning the person or firm you are researching. It may also include the Outcome if the cases have been resolved regarding this person or firm.
Just like in all legal proceedings, when regulatory actions are resolved, it is almost always by settlement, not adjudication. A settlement may result in the imposition of a penalty without a determination of the merits of the charges or formal findings of wrongdoing. If the particular matter you are interested in has been resolved, please refer to the Narrative, and for certain NFA cases, the decision as provided in the Case Documents summary, to see whether it was adjudicated or settled.
ContributorCase #Action TypeEffective DateCase Outcome
CFTC 99-12 • CFTC ADMINISTRATIVE ACTION
05/24/1999 • FINE $6000000
• COMMISSION ORDER
• OTHER (SEE NARRATIVE)
• CEASE AND DESIST ORDER
CFTC 96-2 • CFTC ADMINISTRATIVE ACTION
01/24/1996 • FINE $925000
• COMMISSION ORDER
• OTHER (SEE NARRATIVE)
• CEASE AND DESIST ORDER
CFTC 95-2 • CFTC ADMINISTRATIVE ACTION
12/20/1994 • FINE $1250000
• COMMISSION ORDER
• COMPLAINT FILED
CFTC 92-15 • CFTC ADMINISTRATIVE ACTION
03/12/1992 • FINE $440000
• COMMISSION ORDER
• COMPLAINT FILED
• CEASE AND DESIST ORDER
CFTC 90-21 • CFTC ADMINISTRATIVE ACTION
08/28/1990 • CEASE AND DESIST ORDER
• FINE $220000
CFTC 88-8 • CFTC ADMINISTRATIVE ACTION
02/11/1988 • CEASE AND DESIST ORDER
• FINE $21000
CFTC 88-18 • CFTC ADMINISTRATIVE ACTION
04/01/1992 • CEASE AND DESIST ORDER
• COMMISSION ORDER
• ALJ DECISION
• COMPLAINT FILED
CFTC 83-20 • CFTC ADMINISTRATIVE ACTION
02/17/1983 • CEASE AND DESIST ORDER
• FINE $375000
CFTC 76-16 • CFTC ADMINISTRATIVE ACTION
11/02/1976 • CEASE AND DESIST ORDER
• FINE $3000
CACE 95-002 • SPECULATIVE POSITION LIMIT
06/05/1995 • FINE $6000
CACE 95-001 • FINANCIAL POSITION AND REPORTING
06/05/1995 • FINE $14000
CBOT 99-RFT-194 • FLOOR RECORDKEEPING
10/09/2000 • FINE $3500
CBOT 98-RFT-168 • FLOOR RECORDKEEPING
10/20/1999 • FINE $2500
CBOT 98-RFT-068 • FLOOR RECORDKEEPING
11/02/1998 • FINE $500
CBOT 97-RFT-072 • FLOOR RECORDKEEPING
02/02/1998 • FINE $1000
CBOT 97-MSI-01 • SPECULATIVE POSITION LIMIT
08/19/1997 • FINE $10000
CBOT 96-RRI-29 • GENERAL CONDUCT
05/07/1997 • FINE $15000
CBOT 96-MSR-1A • FLOOR RECORDKEEPING
• TRADE PRACTICE
• OFFICE RECORDKEEPING
• GENERAL CONDUCT
05/24/1999 • FINE $1000000
CBOT 95-RRR-384 • FLOOR RECORDKEEPING
01/13/1997 • FINE $500
CBOT 95-MSI-10 • OFFICE RECORDKEEPING
06/10/1996 • FINE $15000
CBOT 94-RRI-04 • SPECULATIVE POSITION LIMIT
01/09/1995 • FINE $5000
CBOT 94-INV-12 • OFFICE RECORDKEEPING
• FLOOR RECORDKEEPING
06/28/1994 • FINE $2500
CBOT 93-RRR-111E • FLOOR RECORDKEEPING
05/18/1994 • FINE $500
CBOT 93-RRR-108E • FLOOR RECORDKEEPING
06/06/1994 • FINE $500
CBOT 93-RRI-31 • SPECULATIVE POSITION LIMIT
02/08/1994 • FINE $2500
CBOT 93-RRI-28 • SPECULATIVE POSITION LIMIT
04/04/1994 • FINE $1000
CBOT 93-RRI-25 • SPECULATIVE POSITION LIMIT
04/04/1994 • FINE $1000
CBOT 90-INV-28 • GENERAL CONDUCT
• TRADE PRACTICE
• REGISTRATION
09/05/1991 • FINE $40000
CBOT 90-EX -209 • OFFICE RECORDKEEPING
04/22/1991 • FINE $2000
CBOT 90-EX -172 • OFFICE RECORDKEEPING
03/11/1991 • FINE $1000
CBOT 89-RRR-238 • OFFICE RECORDKEEPING
04/23/1990 • FINE $3000
CBOT 89-MSI-03A • TRADE PRACTICE
08/27/1990 • CEASE AND DESIST
CBOT 89-EX -219 • OFFICE RECORDKEEPING
10/22/1990 • FINE $1000
CBOT 88-RRR-75 • OFFICE RECORDKEEPING
05/16/1989 • FINE $2000
CBOT 87-MSI-53 • GENERAL CONDUCT
06/28/1988 • FINE $500
CBOT 87-FIN-190 • OFFICE RECORDKEEPING
06/04/1988 • LETTER REPRIMAND
CBOT 2004-INV-27B • GENERAL CONDUCT
03/24/2005 • FINE $20000
CBOT 2002-INV-12 • OFFICE RECORDKEEPING
10/24/2002 • FINE $5000
CBOT 2000-MSR-15A • TRADE PRACTICE
11/21/2001 • FINE $1250
CBOT 04-RFT-065 • FLOOR RECORDKEEPING
07/26/2005 • FINE $1200
CBOT 02RFT040,042 • FLOOR RECORDKEEPING
03/21/2003 • FINE $21000
CBOT 02-MSI-20 • FINANCIAL POSITION AND REPORTING
11/12/2002 • FINE $20000
CBOT 01RFT34;101 • FLOOR RECORDKEEPING
05/15/2002 • FINE $1500
CBOT 01-MSI-034 • FINANCIAL POSITION AND REPORTING
01/30/2002 • FINE $2500
CEI AT-93-13 • OFFICE RECORDKEEPING
03/24/1993 • FINE $250
CEI AT-92-29 • OFFICE RECORDKEEPING
05/12/1992 • FINE $100
CME MS9106 • SPECULATIVE POSITION LIMIT
11/25/1991 • FINE-FURTHER VIOLATION $0
• FINE $5000
CME MS9103 • SPECULATIVE POSITION LIMIT
04/08/1992 • FINE $250000
• CEASE AND DESIST
CME MS8854 • FLOOR RECORDKEEPING
11/12/1990 • FINE $50000
CME 98CH9801 • FINANCIAL POSITION AND REPORTING
04/21/1998 • FINE $30000
CME 985446CTRA • FLOOR RECORDKEEPING
05/22/1998 • FINE $5000
CME 964588CTRA • FLOOR RECORDKEEPING
05/22/1997 • FINE $2500
CME 954588CTRA • FLOOR RECORDKEEPING
05/22/1997 • FINE $2500
CME 92CH9204 • FINANCIAL
06/24/1993 • FINE $200000
CME 921162FP • TRADE PRACTICE
04/15/1993 • FINE $2500
CME 92-1088-FP • TRADE PRACTICE
10/19/1992 • RESTITUTION TO CUSTOMER(S) $0
• FINE $5000
CME 91231CR • SALES PRACTICE
05/09/1991 • FINE $2500
CME 90CH9011 • FINANCIAL
11/30/1990 • FINE $7500
CME 90CH9007 • OFFICE RECORDKEEPING
08/27/1990 • FINE $5000
CME 0702415CTRA • FLOOR RECORDKEEPING
01/07/2008 • FINE-SUMMARY $5000
CME 0702414CTRA • FLOOR RECORDKEEPING
01/14/2008 • FINE-SUMMARY $6000
CME 0702403CTRA • FLOOR RECORDKEEPING
01/07/2008 • FINE-SUMMARY $2000
CME 0626605CTRA • FLOOR RECORDKEEPING
04/21/2006 • FINE $5000
CME 0626576CTRA • FLOOR RECORDKEEPING
04/18/2006 • FINE $2500
CME 0525452CTRT • FLOOR RECORDKEEPING
10/07/2005 • FINE-SUMMARY $10000
CME 0525331CTRT • FLOOR RECORDKEEPING
06/03/2005 • FINE-SUMMARY $5000
CME 0525096CTRT • FLOOR RECORDKEEPING
04/27/2005 • FINE-SUMMARY $5000
CME 0525061MS • SPECULATIVE POSITION LIMIT
05/19/2005 • NOTICE OF VIOLATION
CME 0525046MS • SPECULATIVE POSITION LIMIT
05/19/2005 • NOTICE OF VIOLATION
CME 0525014CTRT • FLOOR RECORDKEEPING
03/28/2005 • FINE $1500
CME 0524906CTRT • FLOOR RECORDKEEPING
02/28/2005 • FINE-SUMMARY $1500
CME 0424460CTRA • FLOOR RECORDKEEPING
11/02/2004 • FINE-SUMMARY $7500
CME 0424363CTRA • FLOOR RECORDKEEPING
10/25/2004 • FINE-SUMMARY $5000
CME 0424246CTRA • FLOOR RECORDKEEPING
10/29/2004 • FINE-SUMMARY $5000
CME 0424213CTRA • FLOOR RECORDKEEPING
09/13/2004 • FINE-SUMMARY $5000
CME 0424175CTRA • FLOOR RECORDKEEPING
08/24/2004 • FINE-SUMMARY $2000
CME 0423247CTRT • FLOOR RECORDKEEPING
03/01/2004 • FINE $1500
CME 0323066CTRA • FLOOR RECORDKEEPING
12/31/2003 • FINE $7500
CME 0322888CTRA • FLOOR RECORDKEEPING
12/18/2003 • FINE $3500
CME 0322826CTRA • FLOOR RECORDKEEPING
11/03/2003 • FINE $1000
CME 0322653CTRA • FLOOR RECORDKEEPING
10/20/2003 • FINE $3500
CME 0322520CTRA • FLOOR RECORDKEEPING
09/08/2003 • FINE $1000
CME 0322479CTRT • FLOOR RECORDKEEPING
08/27/2003 • FINE $5000
CME 0322222CTRT • FLOOR RECORDKEEPING
06/30/2003 • FINE $1500
CME 0322102CTRA • FLOOR RECORDKEEPING
06/10/2003 • FINE $2500
CME 0321779BC • TRADE PRACTICE
06/24/2004 • FINE $7500
CME 0321758CTRB • FLOOR RECORDKEEPING
03/10/2003 • FINE-SUMMARY $5000
CME 02CH0201 • FINANCIAL
11/13/2002 • FINE $25000
CME 0221386CTRA • FLOOR RECORDKEEPING
12/18/2002 • FINE $2500
CME 0221238CTRA • FLOOR RECORDKEEPING
11/21/2002 • FINE $2500
CME 0221215CTRA • FLOOR RECORDKEEPING
11/08/2002 • FINE $2500
CME 01CH0101 • GENERAL CONDUCT
03/23/2001 • FINE $10000
CME 0119865CTRT • FLOOR RECORDKEEPING
01/28/2002 • FINE $1500
CME 0119743CTRT • FLOOR RECORDKEEPING
12/13/2001 • FINE $1500
CME 0119729CTRA • FLOOR RECORDKEEPING
12/21/2001 • FINE $1000
CME 0119624CTRA • FLOOR RECORDKEEPING
11/19/2001 • FINE $2000
CME 0119608CTRA • FLOOR RECORDKEEPING
11/20/2001 • FINE $2000
CME 0119600CTRA • FLOOR RECORDKEEPING
11/19/2001 • FINE $2000
CME 0119428CTRA • FLOOR RECORDKEEPING
10/30/2001 • FINE $2000
CME 0119370CTRT • FLOOR RECORDKEEPING
10/02/2001 • FINE-FURTHER VIOLATION $5000
CME 0118927CTRA • FLOOR RECORDKEEPING
07/07/2001 • FINE $1000
CME 00CH0001 • FINANCIAL
08/15/2000 • FINE $100000
CME 0018003CTRA • FLOOR RECORDKEEPING
12/18/2000 • FINE-SUSPENDED AMOUNT $1000
• FINE $2500
CSCE I94-77 • OFFICE RECORDKEEPING
02/03/1995 • FINE $10000
CSCE I94-66 • SPECULATIVE POSITION LIMIT
11/01/1994 • FINE $5000
CSCE I94-63 • OFFICE RECORDKEEPING
11/01/1994 • FINE $1000
CSCE I94-16 • OFFICE RECORDKEEPING
04/14/1994 • FINE $250
CSCE I93-72 • OFFICE RECORDKEEPING
03/23/1994 • FINE $2500
CSCE I90-45 • SPECULATIVE POSITION LIMIT
08/18/1990 • FINE $500
CSCE 95-60 • OFFICE RECORDKEEPING
01/03/1996 • FINE $25000
CSCE 1999-110 • OFFICE RECORDKEEPING
04/20/2000 • FINE-SUMMARY $500
KCBT SP0503 • OFFICE RECORDKEEPING
10/10/2005 • FINE $500
MGE 05-I-6 • FINANCIAL POSITION AND REPORTING
05/09/2005 • FINE $250
MGE 05-I-19 • FLOOR RECORDKEEPING
09/02/2005 • LETTER REPRIMAND
MGE 04-I-40 • FINANCIAL POSITION AND REPORTING
03/18/2005 • FINE $2000
MGE 04-I-39 • CLEARING PROCEDURES
03/18/2005 • FINE $1000
MGE 02-I-6 • CLEARING PROCEDURES
03/04/2003 • FINE $500
MGE 02-I-18 • FINANCIAL POSITION AND REPORTING
07/22/2003 • FINE $1500
MGE 00-I-25 • FINANCIAL POSITION AND REPORTING
05/17/2001 • FINE $1000
NYCE NYCE99-049 • FINANCIAL
11/19/1999 • FINE $62500
NYCE 97-016 • FLOOR RECORDKEEPING
04/07/1997 • FINE $2000
NYCE 97-012 • FLOOR RECORDKEEPING
03/24/1997 • FINE $1000
NYCE 95-018 • GENERAL CONDUCT
02/27/1995 • FINE $1000
NYCE 95-016 • GENERAL CONDUCT
02/27/1995 • FINE $100
NYCE 92-047 • FLOOR RECORDKEEPING
09/28/1992 • FINE $1000
NYCE 92-046 • FLOOR RECORDKEEPING
09/28/1992 • FINE $1000
NYCE 92-029 • FLOOR RECORDKEEPING
08/31/1992 • FINE $250
NYCE 91-018 • FLOOR RECORDKEEPING
06/17/1991 • FINE $500
NYCE 91-009 • FLOOR RECORDKEEPING
05/08/1991 • FINE $500
NYCE 90-070 • FLOOR RECORDKEEPING
10/29/1990 • FINE $500
NYCE 90-065 • GENERAL CONDUCT
10/09/1990 • FINE $5000
• CEASE AND DESIST
NYCE 90-035 • OFFICE RECORDKEEPING
06/27/1990 • FINE $1000
NYFE OT-9 • FLOOR RECORDKEEPING
09/30/1993 • FINE-SUMMARY $20
NYFE OT-8 • FLOOR RECORDKEEPING
06/30/1993 • FINE-SUMMARY $5
NYFE OT-7 • FLOOR RECORDKEEPING
12/31/1992 • FINE-SUMMARY $245
NYFE OT-6 • FLOOR RECORDKEEPING
09/30/1992 • FINE-SUMMARY $10
NYFE OT-5 • FLOOR RECORDKEEPING
03/31/1992 • FINE-SUMMARY $10
NYFE OT-4 • FLOOR RECORDKEEPING
12/31/1991 • FINE-SUMMARY $25
NYFE OT-3 • FLOOR RECORDKEEPING
09/30/1991 • FINE-SUMMARY $10
NYME APP. 93-5 • SPECULATIVE POSITION LIMIT
09/16/1994 • FINE $10000
NYME APP. 93-2 • SPECULATIVE POSITION LIMIT
04/14/1994 • FINE $2000
NYME AP96-01 • GENERAL CONDUCT
03/06/1998 • FINE $24900
NYME 93-15 • GENERAL CONDUCT
11/10/1993 • FINE $10000
NYME 91-25 • TRADE PRACTICE
08/01/1991 • FINE $6000
NYME 90-07 • GENERAL CONDUCT
11/07/1990 • FINE $5000
• CEASE AND DESIST
 
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