The Commodity Futures Trading Commission today announced an order filing and simultaneously settling charges against Barclays Bank for violations of the Commodity Exchange Act and CFTC regulations relating to swap reporting. The order requires Barclays to pay a $4M civil monetary penalty, cease and desist from violating the applicable provisions of the CEA and CFTC regulations, and comply with certain conditions and undertakings, the agency said in a statement. Barclays admitted the facts in the order and acknowledged its conduct violated the CEA and CFTC regulations, CFTC added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BCS:
- American Airlines (NASDAQ:AAL) Slips on Credit Card Shuffle
- Goldman Sachs still working to exit Apple partnership, WSJ reports
- Barclays price target raised to 300 GBp from 290 GBp at Morgan Stanley
- Visa working with U.K. banks to improve payments functionality, Bloomberg says
- Barclays initiated with a Buy at Kepler Cheuvreux