Citadel Securities LLC, a broker-dealer, agreed to pay $22.6 million to settle SEC charges alleging that it misled other brokerage firms about trade pricing through retail customer orders.
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The Bank of New York Mellon Corporation agreed to pay a $6.6 million penalty to settle SEC allegations of reporting, recordkeeping and accounting failures based on a miscalculation of risk-based capital ratios and risk-weighted assets.
The CFTC granted permission for LCH.Clearnet Limited, a registered derivatives clearing organization, and its clearing members to (i) commingle positions in futures, foreign futures, and cleared swaps in a cleared swaps customer account and (ii) portfolio margin such futures and cleared swaps.
The CFTC approved proposed changes that would remove indemnification requirements for the use of swap data by other regulators. In addition, the CFTC approved a proposal that would integrate existing advisory guidance as to rules related to the registration and review of exchange disciplinary actions.
The House of Representatives passed the Commodity End-User Relief Act. Approved by a 239 to 182 vote, the Act would make several reforms and reauthorize the CFTC with an appropriation of $250,000,000 for fiscal years 2017 through 2021.