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| | Chicago Stock Exchange fines 7 specialist firms |
 | | The Chicago Stock Exchange slapped seven current or former specialist firms Wednesday with fines totaling $473,700 for trading violations that worked against the interests of outside customers. |
 | | The largest fines will be paid by the two biggest specialist firms working the exchange's floor, divisions of E-Trade Financial Corp. and Rock Island Co. They were assessed $167,000 and $148,000, respectively, and each agreed to spend another $80,000 to improve their compliance safeguards. |
 | | Exchange officials said the violations occurred from 2002 through 2004 and covered thousands of transactions, albeit a minute fraction of overall trading. |
| www.suntimes.com /output/business/cst-fin-chx09.html (305 words) |
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