United States:
Financial Investment Firm Settles Charges For Impeding CME Investigation
14 December 2018
Cadwalader, Wickersham & Taft LLP
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A financial investment firm agreed to pay $425,000 to settle charges for
impeding a Chicago Mercantile Exchange ("CME")
investigation.
According to the CME, the firm failed to (i) have appropriate
procedures and protocols in place to maintain accurate audit trail
and customer account information, and (ii) provide timely, complete
and accurate responses to CME's multiple requests for records
related to account ownership, authorized traders for accounts,
audit trail data and account statements.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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