US CFTC fines ABN AMRO Clearing $1 mln for violations

06/19/2013

WASHINGTON, June 19 (Reuters) - The Commodity Futures Trading Commission fined ABN AMRO Clearing Chicago LLC $1 million for failing to segregate customer funds, for violations of net capital requirements and for failing to maintain accurate books and records.

ABN AMRO reported three instances of under-segregated customer funds during the period March 19, 2009 through January 2012, the U.S. regulator said.



Story Copyright © 1999-2014 Reuters HedgeWorld All rights reserved.