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Trafigura settles with CFTC in first action taken over impediment of whistleblowers

Image of traders working on the floor of the NYSE.
Photo: Michael M. Santiago/Getty Images

Julie DiMauro

1 min read
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Regulator hopes to send signal after agreeing to a $55m settlement.

The Commodity Futures Trading Commission (CFTC) has ordered global commodities trader Trafigura Trading to pay a $55m civil penalty for what the agency described as the misappropriation of material nonpublic information and engaging in manipulative conduct that affected published benchmark rates.

The CFTC also said the Houston-based firm impeded whistleblower

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