Action against Respondent, a registered introducing broker, for allegedly aiding and abetting attempts of some of its clients to manipulate the USD ISDAFIX benchmark.  The CFTC alleges that Respondent’s swaps brokers assisted some of Respondent’s bank clients with attempted manipulation of the benchmark to benefit the client’s derivatives positions.  Respondent has agreed to pay a $50 million civil penalty and post-judgment interest.

CFTC Press Release 

CFTC Order