Man Financial Fined For Supervision Failure

Law360, New York (February 21, 2007, 12:00 AM EST) -- The brokerage operation of one of the world's largest publicly traded hedge fund managers and one of its former employees will pay more than $400,000 to settle allegations filed by the U.S. Commodity Futures Trading Commission.

The CFTA said Tuesday that Man Financial Inc. and Steven M. Camp, of Chicago, had settled allegations that Camp had fraudulently solicited customers, and that Man Financial failed to properly supervise him.

Camp was ordered to pay $120,000, and is permanently prohibited from trading commodity futures. Man Financial was ordered...
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