# CFTC Orders Merrill Lynch Commodities, Inc. to Pay $350,000 Civil Penalty for Violating Cotton Futures Speculative Position Limits

> CFTC release 6154-11 · 2011-12-08 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 6154-11
- **Release date:** 2011-12-08
- **Type:** Other enforcement
- **Title:** CFTC Orders Merrill Lynch Commodities, Inc. to Pay $350,000 Civil Penalty for Violating Cotton Futures Speculative Position Limits
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6154-11

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6154-11, "CFTC Orders Merrill Lynch Commodities, Inc. to Pay $350,000 Civil Penalty for Violating Cotton Futures Speculative Position Limits", 2011-12-08. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/6154-11.

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