CFTC Issues $560,000 Penalty for Inaccurate Large Trader Reporting of Swaps

By Anthony Mansfield, Jonathan Flynn, Neal Kumar and Michael Selig

On July 6, 2016, the Commodity Futures Trading Commission (“CFTC” or the “Commission”) fined Barclays Bank PLC (“Barclays”) $560,000 for inaccurate large trader reporting of swaps positions.  This is the third and largest civil monetary penalty to date for violations of the CFTC’s Part 20 swaps large trader reporting rules and demonstrates the continuation of a trend toward more aggressive enforcement of swap reporting violations.  read more

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