16.01.2014 - Commodity traders face fines for failure to complete paperwork
The drudgery of paperwork is the highlight of few commodity tradersí days. But failure to complete the task can carry a hefty price tag. Two Brazil-based agricultural companies tied to Japanís Mitsui & Co., Ltd., have agreed to pay $500,000 for failing to submit weekly reports showing their cotton purchases and sales, the U.S. Commodity Futures Trading Commission said in a release on Wednesday. Multigrain SA and Agricola Xingu SA were not immediately available for comment...............................................Full Article: Source
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