Bridge Is Censured In Unauthorized Trades; Lebens Barred From Supervising, "Admonished"

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Bridge Information Systems Inc. has been censured and fined $125,000 by the Chicago Board Options Exchange (CBOE), following a review of the company's role in the unauthorized trading activities that diverted more than $1 million to four traders' and several sales assistants' personal accounts.

Bridge chairman -- and father to one of the traders involved -- Charlie Lebens was barred indefinitely from all supervisory authority over the trading desk. The action was taken as part of an offer of

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