Reuters: Regulatory News: UPDATE 1-Infinity Futures ordered by CFTC to pay fine

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UPDATE 1-Infinity Futures ordered by CFTC to pay fine Sep 21st 2012, 21:22 Fri Sep 21, 2012 5:22pm EDT WASHINGTON, Sept 21 (Reuters) - Infinity Futures LLC, an introducing broker, was ordered to pay $340,000 over supervision violations, the U.S. Commodity Futures Trading Commission said on Friday. The CFTC said Infinity employees ignored warning signs that third-party customer funds were improperly being deposited in a proprietary trading account. Regulators are tightening oversight of brokers' potential misuse of customer funds after customer money went missing at two brokerage firms, MF Global and Peregrine Financial Group, that later collapsed.

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