CFTC to investigate Glencore
(Posted on 29/04/19)
Glencore has been informed by the United States Commodity Futures Trading Commission (“CFTC”) that the CFTC is investigating whether Glencore and its subsidiaries may have violated certain provisions of the Commodity Exchange Act and/or CFTC Regulations through corrupt practices in connection with commodities.
Glencore understands that the CFTC’s investigations are at an early stage and have a similar scope in terms of subject matter as the current ongoing investigation by the US Department of Justice (“DOJ”).
Glencore will cooperate with the CFTC. Glencore’s response will be managed by its Investigations Committee, which was set up in July 2018 to oversee Glencore’s response to the investigation by the DOJ.
Glencore are one of the world’s largest globally diversified natural resource companies. Founded in the 1970s as a trading company operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.
Latest News
NGFA highlights ‘trifecta of transportation trouble’ for US agriculture
(Posted on 01/10/24)Potential disruptions to the nation’s shipping infrastructure could have a devastating effect... Read more
ADM adds non-GM capabilities in Hungary
(Posted on 01/10/24)ADM has announced that it has reached an agreement to acquire Vandamme Hungaria Kft and its related... Read more
Richard Holtum to become Trafigura CEO from 1 January 2025
(Posted on 25/09/24)Trafigura Group Pte Ltd has announced that Richard Holtum will become Chief Executive Officer (CEO)... Read more
Financial community visit Rio Tinto North American operations
(Posted on 25/09/24)Rio Tinto is hosting a site visit for the financial community this week to its Aluminium and Iron &... Read more
NGFA testifies on opportunities for growth in freight rail
(Posted on 19/09/24)The President and CEO of the National Grain and Feed Association (NGFA), Mike Seyfert, has testified... Read more
Jiri Zrust appointed Trafigura Global Head of Operational Assets
(Posted on 19/09/24)Trafigura has announced the appointment of Jiri Zrust to the newly-created role of Global Head of Operational... Read more
Call for strategy to support sustainable production and use of fertilizers
(Posted on 12/09/24)The Strategic Dialogue on the Future of Agriculture has delivered its final report to the European Commission... Read more
Cargill acquires two US feed mills to strengthen production and distribution
(Posted on 08/09/24)To grow with the ag retail and large ranching/ farming segments in the western and central regions of... Read more
ADM and Voltloader expand innovative electric tractor units partnership
(Posted on 08/09/24)ADM has announced a new logistics initiative with the deployment of Voltloader electric tractor units... Read more
Rio Tinto IOC celebrates 70 years in the Labrador Trough
(Posted on 03/09/24)Rio Tinto’s Iron Ore Company of Canada (IOC) is celebrating its 70th anniversary, marking seven... Read more
