Financial Investment Firm Settles Charges for Impeding CME Investigation

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.