CFTC fines Admis $200,000
WASHINGTON, DC - The US Commodity Futures Trading Commission (CFTC) has fined futures broker ADM Investor Services (Admis) $200,000 for violating post-execution allocations rules.
The order was issued on March 26 and penalises the Chicago-based broker for inadequate record keeping, poor staff supervision and not having written policy or procedures concerning post-execution allocations of bunched orders. Admis, which also owns ADM Derivatives, a foreign exchange execution and clearing service
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