Cantor Fitzgerald Sanctioned $700,000 for Allowing Customer

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Cantor Fitzgerald Sanctioned $700,000 for Allowing Customer Funds to Become Under-Segregated
11/21/2012 11:30 AM EST

The CFTC announced the filing and simultaneous settlement of charges against Cantor Fitzgerald & Co., Inc., of New York, N.Y., a registered futures commission merchant, for failing to maintain sufficient funds in its customer segregation account for a period of three days, for failing to provide the CFTC timely notice of its under-segregation, as required, and for related supervisory failures.
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