Reuters: Regulatory News: CFTC orders Chinese firm to pay $1.5 million over position rules

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CFTC orders Chinese firm to pay $1.5 million over position rules Sep 25th 2012, 21:37 WASHINGTON, Sept 25 | Tue Sep 25, 2012 5:37pm EDT WASHINGTON, Sept 25 (Reuters) - China-based Sheenson Investments Ltd. and a s takeholder agreed to pay $1.5 million to settle U.S. charges it violated rules on the size of positions traders can hold in the cotton and soybean futures markets, a U.S. regulator said on Tuesday. The U.S. Commodity Futures Trading Commission said Sheenson Investments exceeded position limits in the Soybean oil market in February and March 2009. The CFTC order also finds that Weidong Ge, through his ownership interest in Sheenson and other firms, exceeded limits in the cotton market from January through February 11, 2011.

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