# CFTC Orders Three Citibank Affiliates to Pay $4.5 Million for Supervision Failures That Led to Deletion of Subpoenaed Audio Recordings

> CFTC release 8257-20 · 2020-09-28 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 8257-20
- **Release date:** 2020-09-28
- **Type:** Other enforcement
- **Title:** CFTC Orders Three Citibank Affiliates to Pay $4.5 Million for Supervision Failures That Led to Deletion of Subpoenaed Audio Recordings
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8257-20

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 8257-20, "CFTC Orders Three Citibank Affiliates to Pay $4.5 Million for Supervision Failures That Led to Deletion of Subpoenaed Audio Recordings", 2020-09-28. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/8257-20.

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