The US Commodity Futures Trading Commission said the Nov. 2018 deletion of 2.77 million audio files included recordings of traders subpoenaed in Dec. 2017 for a probe.
The civil fine was imposed against Citibank NA, Citigroup Energy Inc and Citigroup Global Markets Inc.
Jennifer Taylor will start as chief compliance officer for the ICG in December and will be based in the UK, according to a memo signed by Chief Compliance Officer Mary McNiff and ICG Chief Executive Officer Paco Ybarra.
A U.S. judge blocked a hedge fund from doing anything with its nearly $175 million portion of the payout while he considers a preliminary injunction that could eventually require the firm to repay Citigroup.