Optionable woes deepen

The US Securities and Exchange Commission is reportedly investigating the near-collapse of New York energy brokerage Optionable after it provided dubious trading valuations to its largest client, Bank of Montreal. A spokesman for the commission refused to confirm or deny claims made in recent press reports stating that an investigation was under way.

Bank of Montreal (BMO) suspended its relationship with Optionable in May after incurring losses on natural gas options that were between C$350 m

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