Federal regulators have pounded another nail in the coffin ofChicago's bankrupt Stotler and Co., imposing a permanent trading banand revoking its license.
In a two-count administrative complaint disclosed Wednesday, theCFTC also announced Stotler is cooperating with an ongoing federalinvestigation of its sudden financial collapse.
The complaint accuses the company of overstating its capital inreports to the agency, and identifies five examples of allegedimproper accounting that artificially boosted Stotler's finances.
The company's capital dipped at least $3.9 million belowrequired levels from January to June this year, the complaint says.Sources say …
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