Chicago Board of Trade (CBoT) fined Fimat USA $500,000 and
the firm agreed to pay $858,652 for trading violations back in
Fimat paid the fine and restitution without admitting or
denying any violation.
The company was cited for seven rules violations. CBoT said
the firm had, among other things, permitted a terminal operator
to enter discretionary trades for the firm's proprietary
account and handle customer orders without being registered as
an AP or floor broker, and failed to supervise its Ace terminal
operators' compliance with exchange rules and regulations.
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