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ADM Archer Daniels Midland Co

54.06
0.68 (1.27%)
23 Aug 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Archer Daniels Midland Co TG:ADM Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.68 1.27% 54.06 53.98 54.14 53.91 53.15 53.48 2,988 22:50:14

CFTC Fines ADM Investor Srvcs $200,000 For Rules Violations

26/03/2009 6:31pm

Dow Jones News


Archer Daniels Midland (TG:ADM)
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The U.S. Commodity Futures Trading Commission fined ADM Investor Services $200,000 for rules violations Thursday.

The rules governed post-execution allocations, maintenance of books and records, and supervision of employees, the CFTC said in a news release. Post-execution allocation is a procedure where an account manager is permitted to bunch customer orders together for execution, and to allocate them to individual accounts at the end of the day.

ADM Investor Services is a Chicago-based registered futures commission merchant and a wholly owned subsidiary of the Archer Daniels Midland Company.

-By Tom Polansek, Dow Jones Newswires; 312-341-5780; tom.polansek@dowjones.com

 
 

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