Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Tradition SEF LLC
Penalty: $875,000
Year: 2024
Date: October 1, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission announced an order filing and settling charges against Tradition SEF LLC (TSEF), a registered swap execution facility (SEF) based in New York. The order found TSEF failed to establish and maintain adequate system safeguards and failed to promptly provide records to the Division of Market Oversight (DMO) during a routine systems safeguards examination. The order required TSEF, among other things, to pay an $875,000 civil monetary penalty and remediate its system safeguards failures.
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.