CFTC Orders ADM Investor Services Inc. to Pay a $250,000 Penalty to Settle Charges

13Jul - by Editor - 0 - In STL.News

Washington, DC (STL.News) – The Commodity Futures Trading Commission (CFTC) Friday issued an Order filing and settling charges against ADM Investor Services Inc. (ADMIS), a registered futures commission merchant located in Chicago, Illinois.  The Order requires ADMIS to pay a civil monetary penalty of $250,000 and cease and desist from any further violations of the Commodity Exchange Act or CFTC Regulations.

The Order finds that from at least December 1, 2014, to September 24, 2017, ADMIS failed to supervise the handling of commodity interest accounts carried by ADMIS and introduced by an ADMIS-guaranteed introducing broker (GIB). 

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