CME Group bans two traders for prearranging transactions
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
CHICAGO (Reuters) - CME Group Inc said on Tuesday it permanently barred from its markets two traders who prearranged trades to transfer equity between accounts two years ago.
The owner of the Chicago Mercantile Exchange banned Jun Jin for prearranging transactions in CME FX option instruments from May 2014 to July 2014, according to a disciplinary notice. Jin was also fined $50,000.
Diego Di Stefano was banned for prearranging trades in E-mini S&P futures from September 2014 to November 2014 and fined $75,000, another notice said.
Contact information for the traders could not immediately be found.
A CME panel found each guilty after they failed to answer the charges against them, according to the notices, which did not say whether the cases were related.
(Reporting by Tom Polansek; Editing by Alan Crosby)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Azeri security forces say kill man trying to detonate suicide belt
- France's Left starts fightback after Hollande bows out of presidential race
- Green Party's Stein drops Pennsylvania presidential recount bid
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!