Sprott Securities trader, Taylor Shambleau, has been handed a $15,000 fine and a two-week suspension for his part in the long-running RT Capital case.

A three-member panel of Market Regulations Services Inc. issued the penalties on Thursday.

Shambleau was the only trader accused in the high-closing scandal that decided to take the case to a hearing rather than settling with the regulators. On June 10, a hearing panel of Regulation Services Inc. found him guilty of making a bid on March 31, 1999 for the account of a customer “when there was reason to believe that the intended purpose of such action was to establish an artificial quotation in a listed security or to effect a high closing.”

It found him not guilty of executing a trade on March 30, 1999, “when there was reason to believe that the intended purpose of [the trade] was to establish an artificial price… or to effect a high closing.”

Shambleau’s penalty puts him at the low end of the sanctions the other traders settled for back in 2000.