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December 7, 2016

Posted  December 7, 2016

French swap dealer Société Générale SA was ordered to pay a $450,000 civil monetary penalty and to cease and desist from committing further violations of the CEA and CFTC regulations.  Société Générale failed to properly report certain non-deliverable forward transactions to a swap data repository (SDR) and failed to report to an SDR a large number of FX swap, FX forward, and non-deliverable forward transactions. CFTC

Tagged in: Fraud in CFTC-Regulated Markets,