Mizuho Financial Group, Inc.

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