In separate actions, an introducing broker and swap dealer ("respondents") agreed to settle CFTC charges of aiding and abetting the manipulation of the U.S. Dollar International Swaps and Derivatives Association Fix ("USD ISDAFIX").
The CFTC charged Intercapital Capital Markets LLC and Bank of America, N.A. traders, acting separately, with aiding and abetting attempts by clients to manipulate the USD ISDAFIX benchmark by, among other things, bidding, offering and executing transactions in targeted interest rate products at or near the critical 11:00 a.m. fixing time.
The respondents neither admitted to nor denied the CFTC's findings.
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