Home Stock Refinitiv agrees to pay a civil penalty of $650,000 for failing to...

Refinitiv agrees to pay a civil penalty of $650,000 for failing to report certain swap data – CFTC

- Advertisement -
Stock Markets49 minutes ago (Sep 27, 2021 05:00PM ET)

(C) Reuters. FILE PHOTO: The Refinitiv logo is seen on a screen in offices in Canary Wharf in London, Britain August 1, 2019. REUTERS/Toby Melville

WASHINGTON (Reuters) -The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it has filed and settled charges against Refinitiv US SEF LLC, in the agency’s first ever enforcement action against a swap execution facility over reporting violations.

Refinitiv, which provides financial data and software to traders, banks and investors, has agreed to pay a civil penalty of $650,000 for failing to report certain swap data for at least 320,000 transactions from February 2016 through August 2020, the CFTC said in a statement. It added that on multiple occasions, the firm either knew or had reason to suspect it was not fully complying with requirements. Refinitiv eventually reported the violations to CFTC, the regulator said.

Refinitiv did not have an immediate comment. According to the CFTC order, the company did not admit or deny the CFTC charges.

The firm is owned by the London Stock Exchange Group (LON:LSEG) and is the largest customer of Reuters News. Thomson Reuters (NYSE:TRI), the parent company of Reuters News, holds a minority stake in the LSE.

Refinitiv agrees to pay a civil penalty of $650,000 for failing to report certain swap data – CFTC

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -
- Advertisement -
Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read
- Advertisement -
Related News
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here