The fine is the largest ever imposed by the SEC for blue sheet violations.
A coding error in software used by Citi between May 1999 and April 2014 resulted in the bank omitting almost 27,000 trades from responses to blue sheet requests from the SEC.
According to the regulator, Citi then did not report the errors or take steps to produce the data for a further nine months.
Blue sheet data includes information such as the time and type of trades, the volume of securities traded, prices and client
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails