Newedge paying $700K fine for inaccurate reports WASHINGTON (AP) - Federal regulators have ordered Newedge USA to pay a $700,000 civil fine for filing inaccurate trading reports and violating a previous order sanctioning the brokerage firm for the same conduct. The Commodity Futures Trading Commission said Monday that Newedge submitted trading reports with numerous errors between March and July 2011, after being sanctioned in February 2011 for filing erroneous reports between June 2009 and July 2010. New York-based Newedge paid $220,910 in fines and restitution under the 2011 order, which also covered alleged violations of caps on the amount of trading allowed for speculation in cattle futures in 2009. The newest errors in Newedge's reports included overstating and understating the firm's positions in various commodities, the CFTC said. Newedge also must put procedures in effect to prevent future violations.