CFTC Orders Chicago-Based Cunningham Commodities, LLC And Its Controller Salvatore Carmen Russo Jointly To Pay A $150,000 Penalty For Failing To Immediately Report A Customer Segregated Account Deficiency - Cunningham Also Penalized For Its Failure To Immediately Report A Customer Residual Account Deficiency And For Its Failure To Report Special Account Positions Held By Large Traders

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Cunningham Commodities, LLC (Cunningham), a registered Futures Commission Merchant (FCM) based in Chicago, Illinois. The Order finds that Cunningham violated CFTC’s Regulations that 1) require an FCM to immediately report to the CFTC any deficiency in its customer segregated account or the targeted residual interest in its customer segregated account and 2) require an FCM to submit daily reports to the CFTC for positions held by certain large traders (Large Trader Reports) whose accounts are carried by the FCM.