Pimco’s Seksaria Fired After CME Fine Tied to Trading
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Rahul Seksaria, a money manager at Pacific Investment Management Co. running inflation-protection strategies, was dismissed after CME Group Inc. fined him for improper trades.
Seksaria in April 2012 “orchestrated and prearranged trades in the June 2015 Eurodollar futures contract opposite one of his employer’s client suspense account, which resulted in the transfer of $2,675 from the suspense account to his personal trading account,” CME, operator of the world’s biggest futures market, said on its website. CME this month barred him from using its markets until after March 19 and ordered Seksaria to repay the $2,675 as well as a fine of $65,000.