Denies but pays fines for doing it. Nothing to see here. Just like 05-09.

by

  • 264,000 OTC derivatives transactions misreported over 208 business days.
  • Fine of just $1.3 million (2 million AUD).
  • Details missing on which stocks, trade volumes, profits, or market impact.
  • Happened nearly every business day in the period.
  • Bank previously denied training traders to spoof markets while facing related lawsuits.

Weak penalties fail to deter large institutions from risky or sloppy behavior.

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