Finance
CFTC orders Citigroup to pay $1 mln over swap reporting violations
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WASHINGTON, Sept 27 (Reuters) – The Commodity Futures Buying and selling Fee (CFTC) on Monday mentioned Citigroup had agreed to pay $1 million to settle costs it violated swap information reporting guidelines and supervision guidelines, and breached a earlier CFTC settlement agreed in 2017.
That 2017 order discovered Citigroup’s broker-dealer didn’t report sure swap information, amongst different lapses. The CFTC’s Monday order discovered that, subsequently, Citigroup continued fall down on its swap reporting. The CFTC mentioned it had diminished the penalty to $1 million “in recognition of Citi’s substantial cooperation.”
Reporting by Michelle Value
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