The Commodity Futures Trading Commission received $1.29 billion in penalties from 68 enforcement actions made in the 12 months ended June 30, the agency's fiscal year, the CFTC announced Monday.
The enforcement action total was just below the 69 filed in fiscal 2015, though penalties enforced during those 12 months were a record $3.14 billion.
In the most recent fiscal year, the CFTC also awarded more than $10 million to an unidentified whistleblower, the largest award since Congress created the CFTC whistleblower program in 2010.
Of the $1.29 billion in penalties, $748 million in penalties was secured and $543 million was distributed in restitution and disgorgement. More than $484 million was deposited at the U.S. Treasury from penalties.
Almost half of the enforcement actions — 30 — were for retail theft, with reporting and record-keeping infractions the next most common with nine.
The CFTC in fiscal 2016 assessed $425 million in penalties against Citibank for attempted manipulation and false reporting relating to two major interest-rate benchmarks. In fiscal 2015, the agency penalized eight banks a total of more than $1.9 billion to address similar foreign-exchange manipulation.
