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Date de publication: 7 avr. 2014
Auteur: Y B
Noter cette article :

La Commodity Futures Trading Commission a publié un communiqué de presse dans lequel elle annonce avoir la condamnation de Barney LLC pour violation des règles relatives aux fonds distincts et aux fonds garantis.

Selon la plainte déposée par la CFTC, Morgan Stanley Smith Barney LLC, un négociant-commissaire en contrats à terme inscrit, aurait enfreint à plusieurs reprises les règles de la CFTC relatives aux fonds distincts et aux fonds garantis. Le FCM aurait omis de réaliser des calculs quotidiens précis nécessaires aux fonds distincts et sécurisés et n'aurait pas supervisé avec diligence les questions relatives à ses activités auprès des services concernés de la Commodity Futures Trading Commission. Plus précisément, l'ordonnance de la CFTC constate que le 8 avril 2013, MSSB a transféré par erreur environ 16 millions de dollars d'un fonds garanti vers un compte bancaire d'un client, ce qui a entraîné un déficit pour le fonds garanti de MSSB d'environ 9,2 millions de dollars.

Pour avoir violé les règles relatives aux fonds distincts et aux fonds garantis, Morgan Stanley Smith Barney LLC écope d'une amende de 490 000 dollars.

Résumé :

 The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Morgan Stanley Smith Barney LLC (MSSB), a registered Futures Commission Merchant (FCM), for violating CFTC rules governing secured funds of foreign futures and option customers, commingling customer and firm funds, failing to prepare accurate daily computations of its segregated and secured funds, failing to properly title account statements for four customer segregated accounts, and failing to diligently supervise its employees handling of matters related to its business as a CFTC registrant. None of the violations resulted in any customer losses, according to the CFTC’s Order. The Order requires MSSB to pay a $490,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act and CFTC Regulations, as charged.

Specifically, the CFTC’s Order finds that on April 8, 2013, MSSB erroneously transferred approximately $16 million from a customer secured funds bank account resulting in a deficiency in MSSB’s secured funds of approximately $9.27 million. MSSB discovered the error the next day and cured the deficiency, the Order finds. After its secured deficiency in April 2013, MSSB independently engaged KPMG LLP to review its policies and procedures with respect to segregated and secured accounts. KPMG subsequently issued a report recommending changes to MSSB’s policies and procedures, which MSSB has substantially implemented, according to the Order.

The CFTC’s Order also finds that for approximately a six-month period in 2012, MSSB commingled customer segregated and firm funds in a customer segregated bank account.

In addition, for approximately an eight-month period in 2012, MSSB failed to prepare accurate daily computations of its segregated and secured funds, according to the Order. None of the errors caused MSSB to fall below its required segregated or secured funds; however, MSSB was required to refile 120 daily statements as a result of the errors, the Order finds.

Finally, the CFTC’s Order finds that during several months in 2012, account statements for four MSSB segregated accounts were improperly titled as customer secured accounts.

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