{"id":6113,"date":"2017-02-13T18:51:27","date_gmt":"2017-02-14T00:51:27","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1445"},"modified":"2017-02-13T18:51:27","modified_gmt":"2017-02-14T00:51:27","slug":"cftc-orders-citigroup-pay-25m-spoofing-supervisory-failures","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cftc-orders-citigroup-pay-25m-spoofing-supervisory-failures\/","title":{"rendered":"CFTC Orders Citigroup to Pay $25M for Spoofing, Supervisory Failures"},"content":{"rendered":"

\t\t\t\tCitigroup Global Markets Inc. (C) <\/a>has been ordered to pay $25M penalty by the U.S. Commodity Futures Trading Commission to settle charges alleging spoofing in US Treasury futures markets. The regulator is also accusing the firm of not doing a diligent enough job of supervising agents and employees that were involved with the spoofing orders, which purportedly took place between 7\/16\/2011 and 12\/31\/2012.<\/p>\n

Spoofing<\/strong><\/p>\n

Spoofing involves a trader making an offer or bid but with the intention of calling off the bid or offer before it actually goes through. According to the CFTC\u2019s order, through five traders, Citigroup took part in spoofing <\/a>over 2500 times in different Chicago Mercantile Exchange (CME) U.S. Treasury futures products. The spoofing strategy purportedly applied involved making offers or bids of at least one thousand lots but with no intention of allowing them to be executed.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Citigroup Global Markets Inc. (C) has been ordered to pay $25M penalty by the U.S. Commodity Futures Trading Commission to settle charges alleging spoofing in US Treasury futures markets. The regulator is also accusing the firm of not doing a diligent enough job of supervising agents and employees that were involved with the spoofing orders, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3810,3820,3752,3739,3760,3795,3741],"tags":[2742],"class_list":["post-6113","post","type-post","status-publish","format-standard","hentry","category-cftc","category-citigroup","category-financial-firms","category-finra","category-sec-enforcement","category-sec-settlements","category-securities-fraud","tag-spoofing"],"yoast_head":"\nCFTC Orders Citigroup to Pay $25M for Spoofing, Supervisory Failures — Investor Lawyers Blog — February 13, 2017<\/title>\n<meta name=\"description\" content=\"Citigroup Global Markets Inc. 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