Home > Corporate and Other Issuers > In re Upstream Energy Services LLC (A.P. Oct. 24, 2019, Settled)

In re Upstream Energy Services LLC (A.P. Oct. 24, 2019, Settled)

October 24, 2019 Posted in Corporate and Other Issuers, Enforcement Action

Action against Respondent, an energy company, for alleged registration failure. According to the CFTC, Respondent accepted orders from two clients, traded natural gas commodity futures and options based on those orders, and received fees for those orders without registering with the CFTC as a futures commission merchant. Respondent has agreed to pay a civil penalty of $75,000.

CFTC Order

CFTC Press Release

Linda Chatman ThomsenCounsel

Linda is counsel in our litigation department and practices in our Washington, DC office. Her practice concentrates on matters related to the enforcement of the…

Linda is counsel in our litigation department and practices in our Washington, DC office. Her practice concentrates on matters related to the enforcement of the federal securities laws. She returned to the firm after serving for 14 years in various positions within the SEC. Linda joined the SEC staff in 1995 as Assistant Chief Litigation Counsel. In 1997, she was named Assistant Director of the Enforcement Division. She became an Associate Director in 2000, Deputy Director in 2002 and was named Director of the Enforcement Division in 2005, a position she held until 2009. [Full Bio]

Robert A. CohenPartner

Mr. Cohen brings 15 years of experience in the Securities and Exchange Commission’s Division of Enforcement to his work as a partner in Davis Polk’s…

Mr. Cohen brings 15 years of experience in the Securities and Exchange Commission’s Division of Enforcement to his work as a partner in Davis Polk’s Litigation Department in Washington DC. As a member of the firm’s White Collar Criminal Defense and Government Investigations Group, he focuses on representing companies, boards and individuals in regulatory matters and internal investigations. [Full Bio]