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Refinitiv agrees to pay a civil penalty of $650,000 for failing to report certain swap data

by Mike Robinson

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© Reuters. FILEPHOTO: A screen showing the Refinitiv logo in London offices at Canary Wharf, London on August 1, 2019 REUTERS/Toby Melville

WASHINGTON (Reuters) – The U.S. 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 will pay a civil penalty in the amount of $650,000 because it failed to report swap data on at least 320,000 transactions during February 2016, August 2020 and beyond, according to a statement by the CFTC.

The CFTC ordered that Refinitiv not deny or admit to any of the charges by the CFTC. Refinitiv didn’t have any immediate comments.

Refinitiv is owned by the London Stock Exchange Group (LON:) and is the largest customer of Reuters News. Thomson Reuters (NYSE:), the parent company of Reuters News, holds a minority stake in the LSE.

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