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Violation Tracker Individual Record

Company: TOTSA TotalEnergies Trading SA
Current Parent Company: TotalEnergies SE
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $48,000,000
Year: 2024
Date: August 27, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission issued an order filing and simultaneously settling charges against TOTSA TotalEnergies Trading SA, formerly known as TOTSA Total Oil Trading SA (TOTSA), for attempting to manipulate the market for EBOB-linked futures contracts in order to benefit its derivatives positions in violation of the Commodity Exchange Act (CEA) and CFTC regulations. TOTSA is not registered with the CFTC.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: France
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oil and gas
Specific Industry of Current Parent: oil & gas
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.