Financial Industry Regulatory Authority fined ICAP Corporates LLC, of Jersey City, $2.8 million and sanctioned a former broker for numerous improper communications with other interdealer brokerage firms about customers' proposed brokerage rate reductions in the wholesale credit default swap (CDS) market. For more info visit https://www.finra.org/media-center/news-releases/2009/finra-fines-icap-28-million-fines-and-suspends-former-broker-improper