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Violation Tracker Individual Record

Company: Mizuho Capital Markets LLC
Current Parent Company: Mizuho Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $6,847,182
Year: 2023
Date: April 25, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges against New York-based, provisionally registered swap dealerMizuho Capital Markets LLCfor trade practice violations of the Swap Dealer Business Conduct Standards in the Commodity Exchange Act (CEA) and CFTC regulations. The violations arise from Mizuho's failure to make adequate disclosures to customers in connection with certain foreign exchange forward transactions.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.