Release: #4233-99 (CFTC Docket No. SD 99-2)
For Release: January 28, 1999
CFTC FINDS THAT ANTHONY MYSKOWSKI, A FLOOR BROKER AT THE COFFEE SUGAR COCOA EXCHANGE, IS SUBJECT TO STATUTORY DISQUALIFICATION AND ISSUES ORDER ON CONSENT RESTRICTING MYSKOWSKI'S REGISTRATION
WASHINGTON - The Commodity Futures Trading Commission (CFTC) announced today that it filed a Notice of Intent to Suspend, Revoke or Restrict Registration (Notice) against Anthony Myskowski, of Bridgewater, New Jersey, a registered floor broker who is a member of the Coffee Sugar Cocoa Exchange (CSCE), and simultaneously accepted Myskowski's offer of settlement.
The CFTC's Notice alleges that Myskowski was charged by the CSCE in 14 disciplinary actions, two of which alleged serious violations, including trading ahead of an active customer buy order, misallocating a customer order, and engaging in noncompetitive and prearranged trading. The two serious violations resulted in $15,500 in sanctions. The Notice further alleges that the disciplinary proceedings constitute good cause under section 8a(3)(M) of the Commodity Exchange Act (CEA) to revoke, suspend or restrict Myskowski's floor broker registration as authorized under section 8a(4) of the CEA.
Myskowski, without admitting or denying the charges in the Notice, consented to the entry of a Commission order which restricts his registration for two years, during which time, among other things, he will be prohibited from directly or indirectly trading on behalf of customers and be required to have a sponsor.
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