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Tullet Prebon to pay USD13m CFTC penalty for supervisory failures and false statements

Tullet Prebon to pay USD13m CFTC penalty for supervisory failures and false statements

The US Commodity Futures Trading Commission has issued two orders filing and settling charges against Tullett Prebon Americas Inc, an interdealer broker and CFTC-registered introducing broker headquartered in New Jersey, requiring the company to pay a total of USD13 million for failing to supervise employees and making false or misleading statements to CFTC staff.