Basic Search
|
Summaries
|
Advanced SearchViolation Tracker Individual Record
Company: Vitol, Inc.
Current Parent Company:
Vitol
Parent at the Time of the Penalty Announcement:
subscribe to see this data field
Penalty: $500,000
Year: 2024
Date: August 14, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission issued an order filing and settling charges against Vitol, Inc., based in Houston, Texas, and its affiliate, Vitol SA, headquartered in Geneva, Switzerland for exceeding the CFTC's position limits on aggregate positions across multiple exchanges in contracts that reference crude oil futures traded on the New York Mercantile Exchange (NYMEX) and for exceeding the CFTC's position limits in live cattle futures contracts traded on the Chicago Mercantile Exchange (CME). The order required Vitol to pay a $500,000 civil monetary penalty.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: energy and commodity trading
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.