CFTC fines R.J. O’Brien & Associates $600k for supervisory failures

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against R.J. O’Brien & Associates LLC (RJO) of Chicago, for failure to diligently supervise its employees’ handling of customer accounts and for violating the terms of a prior Commission Order. At all relevant times, RJO was registered with the Commission as a Futures Commission Merchant.

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From:: Resource Investor