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Oil trading corporation is fined $5 million after violating rules

Oil trading company Oriental Trading Corp. was fined $10 million by Canada’s Office of the Superintendent of Financial Institutions (OSFI) after it failed to report a significant increase in oil and gas trading in the past five years.OTSI found that OTSC failed to properly disclose a $4.3 million cash settlement in 2014 and a $2.2