The compliance officer of a futures brokerage that was a top player in a market on the Chicago Board of Trade floor never reviewed company policies on floor operations or oversaw activities related to the trading floor, U.S. regulators said on Thursday in a lawsuit charging the firm with violations. The Commodity Futures Trading Commission, in a civil complaint filed in U.S. district court in Chicago, said Futures International and its chief operating officer, Amadeo Cerrone, failed to properly supervise employees, created trading records with false information and engaged in unauthorized trading. Kent Woods, who ran the brokerage from 2009 to 2012, agreed to pay $200,000 to settle similar charges as part of an agreement with the CFTC. Futures International declined to comment on the lawsuit. Woods, who left the firm last year and now works for another Chicago brokerage, could not be reached for comment. The company was one of the largest participants, if not the largest, in
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