International CME team by international agents today published a Disciplinary Action Notice against Mark IV Brokerage, LLC.
According to a settlement offer, in which Mark IV Brokerage, LLC, neither acknowledged nor denied the rules of the rules or the actual findings on which the sentence, the Conment Older Constrale Out Consum, a beneficial property.
Specifically, upon receipt of the simultaneous purchase and sale orders relating to the same customer, Mark IV employees executed the commands in the pit without conducting sufficient investigation to determine if the orders involved accounts with common beneficial property.
Mark IV employees knew or reasonably should be aware that the purpose of the orders was to avoid taking a bona fide market position that is at risk of buying.
In addition, the table found that Mark IV failed to supervise its employees, not advising and training them in the exchange of rules on washing transactions.
The table concluded that Mark IV thus violated CME 534 and 432.W. rules.
According to the settlement offer, the team ordered Mark IV to pay a fine of $ 25,000.