CFTC Orders Wells Fargo Bank, N.A. to Pay a $400,000 Penalty for Inaccurate Large Trader Reports for Physical Commodity Swaps Positions

The U.S. Commodity Futures Trading Commission (CFTC) filed and simultaneously settled charges against Wells Fargo Bank, N.A. for failing to comply with its obligations to submit accurate large trader reports (LTRs) for physical commodity swap positions.