Final answer:
The amount of an administration fine for a broker can be substantial, reaching up to $350,000 and may also include prison time. The ADM case is an example of how anti-competitive practices can result in severe penalties.
Step-by-step explanation:
When a broker is charged with an administration fine, the amount of the fine is determined by the severity of the violation and the regulatory guidelines in place. The fines can reach significant amounts, depending on the scale of the infraction. For example, brokers can be fined up to $350,000, and this does not include the possibility of prison sentences which can range from 24 to 30 months. This demonstrates the serious nature of regulatory breaches in the financial sector and the heavy penalties that can be enforced to maintain market integrity and protect consumers.
The case involving Archer Daniels Midland (ADM) and its cartel-like practices exemplifies severe consequences for corporate misconduct. The statement by ADM's president, "Our competitors are our friends. Our customers are the enemy," serves as a reflection of the anti-competitive behavior that cartels represent, and which can lead to hefty fines and imprisonment.