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CFTC fines ex-Citi traders for spoofing in U.S. Treasury futures

Reuters

WASHINGTON, March 30 (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday it had settled charges against two former traders for Citigroup Global Markets Inc, a unit of Citigroup Inc, for spoofing in U.S. Treasury futures markets.

Under separate orders, Stephen Gola agreed to pay a $350,000 civil penalty and Jonathan Brims a $200,000 penalty, and both were banned from trading for six months for spoofing — bidding or offering with the intent to cancel the bid or offer before execution, the CFTC said in a statement. (http://bit.ly/2nDZRp1)

(Reporting by Tim Ahmann; Writing by Eric walsh)