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Investigations into unauthorized trading at Bridge Information Systems Inc. has yielded its first disciplinary action. Bridge trader Jay Indovino submitted an offer of settlement after the Chicago Board Options Exchange's Business Conduct Committee found that he had "engaged in a fraudulent and deceptive course of conduct," committing trading violations detailed in IMD's Sept. 28 issue. Without admitting or denying the allegations, Indovino agreed to refrain from acting on behalf of Bridge and

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