Citigroup unit to pay $25 million over 'spoofing' in U.S. Treasury futures | Reuters
'The Commodity Futures Trading Commission said that Citigroup will settle the case without admitting or denying the charges and pay a $25 million fine. ', "In the CFTC's civil case against Citigroup, the regulator said five traders at Citigroup Global Markets Inc engaged in spoofing more than 2,500 times in various Treasury futures."
'The CFTC said the bank cooperated during the investigation and also self-reported some of the spoofing orders after CME Group inquired about a number of suspicious orders. '
'WASHINGTON Citigroup Inc on Thursday became the first-ever bank to get hit with civil "spoofing charges," after U.S. derivatives regulators said one of its units entered U.S. Treasury futures market orders with the intent of canceling them. '
'The CFTC first won new powers to go after manipulative "spoofing" in the 2010 Dodd-Frank Wall Street reform law. '
[–] derram ago
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'The Commodity Futures Trading Commission said that Citigroup will settle the case without admitting or denying the charges and pay a $25 million fine. ', "In the CFTC's civil case against Citigroup, the regulator said five traders at Citigroup Global Markets Inc engaged in spoofing more than 2,500 times in various Treasury futures."
'The CFTC said the bank cooperated during the investigation and also self-reported some of the spoofing orders after CME Group inquired about a number of suspicious orders. '
'WASHINGTON Citigroup Inc on Thursday became the first-ever bank to get hit with civil "spoofing charges," after U.S. derivatives regulators said one of its units entered U.S. Treasury futures market orders with the intent of canceling them. '
'The CFTC first won new powers to go after manipulative "spoofing" in the 2010 Dodd-Frank Wall Street reform law. '
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