© Reuters. FILE PHOTO: Mizuho Monetary Group brand is seen on the firm’s headquarters in Tokyo, Japan August 20, 2018. REUTERS/Toru Hanai//File Photograph
WASHINGTON (Reuters) – Mizuho Capital Markets LLC has agreed to pay $1.5 million to settle U.S. Commodity Futures Buying and selling Fee (CFTC) expenses the agency didn’t adjust to sure swap supplier necessities from 2013 till no less than April 2021, the company mentioned on Monday.
The unit of Mizuho Financial institution agreed to pay the civil penalty and to stop and desist from additional violations to settle CFTC allegations that it failed to satisfy necessities regarding reconciling swap portfolios with counterparties, offering disclosures and reporting transactions, the CFTC mentioned in an announcement.
A spokesperson for Mizuho, which didn’t admit or deny the CFTC findings, didn’t reply instantly to a request for remark.
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