Francis pled guilty to record-keeping violations, was fined $1.6 million and sentenced to community service.

In 1979, Refco was fined $250,000 by the Chicago Mercantile Exchange for record-keeping violations.

Most of the record-keeping violations were for not recording restricted work days," when injured workers are given lighter duties.

Most likely, the allegations would be aiding and abetting securities fraud, along with record-keeping violations, which allowed Baron to operate outside of net capital rules.

She said that even technical record-keeping violations of the sort that Lockheed committed were important to penalize.

Since then, several other companies have been cited by the agency for record-keeping violations.

Bushmaster was included in the suit because it allegedly continued to sell guns to Bull's Eye as a dealer despite an awareness of its record-keeping violations.

And fines for record-keeping violations, formerly $500 each with a cap of $2,500, are now $5,000 each, with no ceiling.

He is also accused of record-keeping violations, fraud and insider trading.

The agency said it would not cite employers for technical record-keeping violations committed before Sept. 1.