CFTC fines Wells Fargo $14m for FX misprice
The US Commodity Futures Trading Commission on Friday ordered Wells Fargo to pay over $14m for its conduct involving a FX forward contract and compliance failures.
CFTC alleges that Wells Fargo Bank violated multiple swap dealer business conduct standards when it entered into a single FX forward contract with a counterparty.In an order settling charges against Wells Fargo, the CFTC said the bank had failed to deal with a counterparty in a fair ...
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