Compliance Monitor
Bear Stearns fined £40,000 for not reporting CFDs trades
Failure to complete systems programming work, started before August 2001 when Bear Stearns International Limited (BSIL) began
trading in contracts for differences (CFDs) on equities, meant that the firm omitted to report its CFDs transactions to the
FSA until March 2005. It was fined £40,000 in July this year.