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
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails