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One World Capital, company president nailed with $520,000 fine

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March 4, 2010 • Reprints

Winnetka, Ill.-based One World Capital Group LLC and its president, John Edward Walsh, must pay $520,000 in civil fines and are barred from the futures industry. The order comes from a federal judge in Chicago in resolution of a complaint filed by the Commodity Futures Trading Commission (CFTC).

According to the CFTC, Walsh and One World did not demonstrate compliance with capital requirements or maintain proper records.

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