Action against Respondent, a banking and financial services company, for alleged violations of the Commodity Exchange Act and CFTC regulations. According to the CFTC, Respondent failed to supervise the activities of its swap dealers and made material misstatements and omissions to the CFTC about operations and regulatory compliance for these dealers. Respondent has agreed to pay a $12 million civil penalty and has also agreed to remediation and monitoring measures.

CFTC Press Release

CFTC Order