Page 31 - 期货和衍生品行业监管动态（2023年10月刊）

期货和衍生品行业监管动态

具体而言，行政令认定，尽管有明确迹象表明，未注册的商品基金管理人和

商品交易顾问的运作应当受到监管并需要注册，但 SFSL 未能确定其应否受到监

管与进行注册。此外，SFSL 允许商品基金管理人和商品交易顾问使用名为“未

受监管实体开户申请”的申请表代表商品基金开设交易账户。此外，当商品基金

管理人和商品交易顾问代表现有的和额外的美国零售参与者商品基金开设多个

附加账户时，即使商品基金管理人和商品交易顾问已损失了大部分投资资金，

SFSL 也未能进行标记或充分的尽职调查。最后，该行政令认定，SFSL 允许由商

品基金管理人和商品交易顾问开立的大多数账户都由一名未注册的介绍经纪人

引荐，该经纪人与商品基金管理人和商品交易顾问存在关联关系，并且存在外汇

相关的注册和欺诈的违规记录。

Foreign Trading Platform Charged with Failure to Register and Supervise Its

Anti-Money Laundering Procedures (2023/9/29)

The Commodity Futures Trading Commission today issued an order

simultaneously filing and settling charges against Switzerland-based LYFE, S.A. as the
successor in interest to Squared Financial Services Limited (SFSL), an Ireland-based

entity that is no longer operational.

The order finds SFSL offered transactions in leveraged gold and silver and

leveraged foreign currencies (forex) such as the Euro and Japanese Yen to prospective

retail customers and commodity pools in the U.S. and accepted orders for, and funds to

margin, these transactions without registering as a futures commission merchant (FCM).

These actions are in violation of the Commodity Exchange Act (CEA) and the CFTC’s

regulations. The order further finds SFSL did not conduct the metals transactions on a

registered exchange and failed to supervise diligently its employees’ handling of these

customers’ accounts because it did not implement adequate anti-money-laundering

(AML) procedures.

The order requires LYFE to pay a $175,000 civil monetary penalty, disgorge

$37,014.81 in profits from its unlawful activity, and cease and desist from any further

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