Australia and New Zealand Banking Group Ltd (ANZ) has agreed to pay a civil monetary penalty of $500,000 to settle charges of supervision failures with the Commodity Futures Trading Commission (CFTC). ANZ has also agreed to cease and desist from violating section 4s(h)(1)(B) of the Commodity Exchange Act, and other
CFTC fines swap dealer $500,000 for supervision failures
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The company failed to ensure that thousands of orders were not timely surveilled for spoofing.