Tuesday, December 30, 2014

Pimco fires money manager after CME Group violation

Reuters reports:
California-based bond firm Pimco has dismissed money manager Rahul Seksaria after CME Group Inc, the world's largest futures market operator, fined him for a trading violation.

In a notice online, CME Group said that Seksaria "orchestrated and prearranged trades in the June 2015 Eurodollar futures contract opposite one of his employer's client suspense account (sic), which resulted in the transfer of $2,675 from the suspense account to his personal trading account."
The rules.