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CBOE toughens trader rules, following SEC fine last year

HedgeWorld – CBOE Holdings Inc., which was fined $6 million last year for failing to properly police its own marketplace, will implement tighter rules for traders to help prevent fraud, according to a regulatory filing on Wednesday [March 5].

The changes align CBOE rules with other exchanges and are not linked to the fine imposed by the U.S. Securities and Exchange Commission last year, CBOE spokeswoman Gail Osten said. In an email, she said the exchange operator “did it to make supervision and control more effective.”

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