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Futures Intermediaries: Pre-Hedge Block Trades At Your Own Risk - Commodities/Derivatives/Stock Exchanges

The Commodity Futures Trading Commission recently settled allegations that Powerline Petroleum, a registered introducing broker (IB), failed to disclose its role as a counterparty to block-trades, assessing sanctions of $875,000.
New York United States Commodity Futures Trading Commission Powerline Petroleum New York Mercantile Commissioner Mersinger
Source: mondaq.com

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