Refinitiv Agrees to Pay a Civil Penalty of $650,000 for Failing to Report Certain Swap Data: CFTC

Refinitiv Agrees to Pay a Civil Penalty of $650,000 for Failing to Report Certain Swap Data: CFTC
The Refinitiv logo is seen on a screen in offices in Canary Wharf in London, Britain, on Aug. 1, 2019. Toby Melville/Reuters
Reuters
Updated:

WASHINGTON—The Commodity Futures Trading Commission (CFTC) on Monday said it has filed and settled charges against Refinitiv US SEF LLC., in the agency’s first-ever enforcement action against a swap execution facility over reporting violations.

Refinitiv, which provides financial data and software to traders, banks and investors, has agreed to pay a civil penalty of $650,000 for failing to report certain swap data for at least 320,000 transactions from February 2016 through August 2020, the CFTC said in a statement. It added that on multiple occasions, the firm either knew or had reason to suspect it was not fully complying with requirements. Refinitiv eventually reported the violations to the CFTC, the regulator said.