Sumitomo Mitsui Trust Bank, Limited, agreed to pay a fine of US $105,000 to resolve charges that on four trade dates in February 2016, a trader for the firm’s Tokyo branch engaged in transactions in Treasury futures markets where the accounts beneficially owned by the firm were on both side of each transaction. The purpose of the trades was to move positions from one account to the other. The exchange claimed that the firm provided no training to the relevant trader so he could be aware that such transactions were prohibited.