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Citi, UBS, BNY and three others fined in CFTC Enforcement Sprint Initiative

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Photo: Cheng Xin/Getty Images

Julie DiMauro

2 min read
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Six major banks agreed to pay penalties to resolve compliance violations, most of them receiving maximum cooperation credit.

The CFTC just issued an enforcement sweep, bringing charges against six firms: Citi, BNY, U.S. Bank, UBS, Santander and SMBC, with the fines assessed totaling more than $8.3m.

The charges are being part of the completion of Acting Chairman Caroline Pham’s Enforcement Sprint Initiative under which eligible

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