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A dealer has been found to have breached the treasury-imposed level for an exposed position in a particular currency. There is no doubt that he knew of the position yet still continued to exceed the limit. There is no suggestion of any personal gain being made.
He has been the most successful dealer at the company over each of the last two years and the excess position resulted in a sizeable profit on realisation.
Which of the following penalties should be imposed on the dealer?
