Mizuho to pay $175,000 to settle U.S. charges on fund deficiencies


A unit of Mizuho Financial Group has agreed to pay $175,000 to settle civil charges by U.S. futures regulators related to allegations that the bank failed to hold enough funds in its secured accounts, the regulators said.

The Commodity Futures Trading Commission said Mizuho Securities USA Inc did not immediately report the deficiency to regulators and failed to properly supervise its employees.

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The bank agreed to settle the matter without admitting nor denying the allegations.

(Reporting By Sarah N. Lynch and Aruna Viswanatha)