The
CFTC said that beginning in 2013, Cargill did not comply with regulations on
thousands of complex swaps that affected hundreds of counterparts.
Swaps
are used to manage risk outside of futures and options markets.
Cargill
provided inaccurate marks that concealed as much as 90 percent of its mark-up.
Some
of the swaps were based on prices derived from Cargill’s ProPricing grain
program that helps farmers hedge against price swings.
