Page 22 - 期貨和衍生品行業監管動態（2025年9月）
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期貨和衍生品行業監管動態
registered futures commission merchant, commodity pool operator, and
commodity trading advisor (collectively, UBS), were sanctioned for failing
to diligently supervise trade surveillance systems from at least 2015 until
2024, leaving gaps in monitoring foreign exchange, metals, rates, and credit
products and exchange-traded derivatives. UBS will pay a $5 million civil
monetary penalty and submit a remediation plan with progress reports.
? Citigroup Global Markets Inc., a registered futures commission merchant
and swap dealer, was sanctioned for failing to file accurate large trader
reports from at least 2015 to fall 2022 due to a programming logic error, and
for failing to reliably maintain regulatory records for 10 weeks in
2023.Because of these failures, as well as a 2022 supervision-related issue
concerning daily excess net capital reporting, Citi will pay a $1.5 million
civil monetary penalty, which was reduced by the maximum mitigation
credit based on its exemplary self-reporting and exemplary cooperation.
Recordkeeping and Supervision Violations Related to Offline
Communications
Three orders involve firms whose employees used unapproved communication
channels, such as messaging apps and personal text messages, violating recordkeeping
and supervision rules. Each firm will pay a $500,000 civil monetary penalty, which
was reduced by the maximum cooperation mitigation credit based on exemplary
cooperation.
? SMBC Capital Markets, Inc., a registered swap dealer, was cited for
violations from 2019 to 2023.
? Banco Santander, S.A., a registered non-U.S. swap dealer; and Santander
US Capital Markets LLC, a registered futures commission merchant
(collectively, Santander), were cited for violations since 2021. Santander
must also comply with certain remedial undertakings, including conducting
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