Thursday, April 12, 2012

Reuters: Regulatory News: Rosenthal Collins settles CFTC charges

Reuters: Regulatory News
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Rosenthal Collins settles CFTC charges
Apr 12th 2012, 18:44

WASHINGTON, April 12 | Thu Apr 12, 2012 2:44pm EDT

WASHINGTON, April 12 (Reuters) - The Commodity Futures Trading Commission announced on Thursday a $2.5 million dollar settlement with futures brokerage Rosenthal Collins Group over supervisory failures.

The CFTC said the brokerage failed to "diligently supervise" an account used for a multimillion dollar commodity futures Ponzi scheme.

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