Mizuho Financial Group, Inc. Rotten Score Breakdown
Corporate Misconduct
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Human Rights & Exploitation
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Fraud & Corruption
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Deceptive Practices
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Environmental Harm
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Sustainability Deception
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Workplace Misconduct
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Financial Misconduct
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 3.00Evidence Count: 1Contribution: 0.0 pts
Misconduct: low 0 · medium 1 · high 0
Remediation: low 0 · medium 0 · high 0ⓘ cap: 25%
CFTC ordered Mizuho capital-markets unit to pay over $6.8 million for inadequate FX disclosures
On April 25, 2023, the CFTC ordered Mizuho Capital Markets LLC to pay a $5 million civil penalty and $1,847,182.90 in restitution for failing to adequately disclose trading before certain deal-contingent foreign-exchange forwards. The order found that between June 2018 and December 2020 the trading at times likely moved the spot rate against customers. Mizuho identifies Mizuho Capital Markets LLC as a company within Mizuho Financial Group. This record attributes the violation to that regulated unit. Primary source: https://www.cftc.gov/PressRoom/PressReleases/8695-23 ; group relationship: https://www.mizuhogroup.com/emea/who-we-are/governance/mizuho-bank-legal-and-compliance/legal-disclosures/sharing-client-information