CFTC Permanently Bars Former CME Floor Broker Thorbjorn Haveman -Bloomberg

Bloomberg reports that the U.S. Commodity Futures Trading Commission today filed and simultaneously settled charges against Thorbjorn Haveman of Elmhurst, Ill., for executing hundreds of fictitious, noncompetitive and unauthorized trades over an 18- month period and fraudulently misappropriating profits from the trades. Haveman was a registered floor broker with the Chicago Mercantile Exchange (CME) from September 2008 to April 2010, when the CME terminated his registration, and is currently not registered with the CFTC. Haveman ordered to pay a $140,000 civil monetary penalty.