07:03 AM EDT, 07/19/2024 (MT Newswires) -- Citigroup ( C ) reached a settlement agreement with the Bourse de Montreal to settle complaints that it failed to report positions on options contracts beyond a certain threshold, the exchange said on Thursday.

The exchange further said that the bank failed to establish and maintain a system to supervise employees to comply with reporting rules.

Citi will pay a fine of $138,000 and an additional $10,600 for related costs under the settlement.

Citigroup ( C ) did not immediately respond to MT Newswires' request for comment.

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