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Violation Tracker Individual Record

Company: ICE Clear Europe Limited
Penalty: $450,000
Year: 2021
Date: October 6, 2021
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges against ICE Clear Europe Limited for violating regulations requiring derivatives clearing organizations (DCOs) to obtain written acknowledgment letters from a depository. Acknowledgment letters state that the depository was informed that funds deposited are customer funds being held in accordance with the Commodity Exchange Act (CEA) and restrict the use of such funds, among other things. The order requires ICE to pay a $450,000 civil monetary penalty and to cease and desist from any further violations of the CFTC regulations, as charged.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.