A SEC 79 millió dollár büntetést ró ki a brókercégekre.

A SEC 79 millió dollár büntetést ró ki a brókercégekre.

Időbélyeg: 21. november 2023. 11:08
SEC Levies $79 Million in Penalties on Brokerage Firms. PlatoBlockchain Data Intelligence. Vertical Search. Ai.

A
Securities and Exchange Commission (SEC) has announced charges against five
bróker-kereskedő, három kettős bejegyzésű bróker-kereskedő és befektetési tanácsadó,
and two affiliated investment advisers for widespread and longstanding failures
to maintain and preserve electronic communications.

A
firms, including Interactive Brokers Corp., Robert W. Baird & Co. Inc.,
William Blair & Company LLC, Nuveen Securities LLC, Fifth Third Securities
Inc., and Perella Weinberg Partners LP, have collectively agreed to pay $79
million in penalties.

A
SEC’s investigations revealed pervasive and longstanding off-channel
communications at all 10 firms. Employees at these firms communicated through
personal text messages about their business activities, violating recordkeeping
provisions of the federal securities laws.

A
broker-dealer and investment adviser firms admitted to their employees sending
and receiving off-channel communications related to recommendations and advice
but failed to maintain or preserve the substantial majority of these
kommunikációt.

A
penalties include a $35 million fine for Interactive Brokers, a $15 million
penalty for Robert W. Baird & Co. Inc., a $10 million penalty for William
Blair & Company LLC, an $8.5 million penalty for Nuveen Securities LLC, an
$8 million penalty for Fifth Third Securities Inc., and a $2.5 million penalty
for Perella Weinberg Partners LP.

Gurbir
S. Grewal, Director of the SEC’s Division of Enforcement, noted: “One of
the orders included in today’s announced actions is not like the others. There
are real benefits to self-reporting, remediating and cooperating.”

Egymástól
from the financial penalties, the firms have agreed to cease and desist from
future violations, received censures, and committed to implementing
improvements in their compliance policies and procedures. They will also retain
independent compliance consultants to conduct comprehensive reviews of their
policies and procedures related to the retention of electronic communications
on personal devices. The Commodity Futures Trading Commission also announced
settlements with interaktív
brókerek for related conduct.

SEC Highlights Broker-Dealers
Falling Behind in AML Program Revisions

Egy korábbi jelentésben Pénzügyi mágnesek megjegyezte, hogy a SEC
issued a warning to broker-dealers, urging them to enhance their anti-money
laundering (AML) policies and procedures, specifically emphasizing due
diligence when opening new customer accounts. The regulator highlighted
concerns about inadequate resources, including staff allocation, devoted to AML
compliance programs by some broker-dealers.

A SEC outlined guidelines
for broker-dealers, stressing the necessity of implementing and maintaining a
comprehensive AML program aligned with the Bank Secrecy Act and its
regulations. Additionally, the regulator noted deficiencies in timely testing
of AML controls and updates to AML programs among certain broker-dealers.

A
Securities and Exchange Commission (SEC) has announced charges against five
bróker-kereskedő, három kettős bejegyzésű bróker-kereskedő és befektetési tanácsadó,
and two affiliated investment advisers for widespread and longstanding failures
to maintain and preserve electronic communications.

A
firms, including Interactive Brokers Corp., Robert W. Baird & Co. Inc.,
William Blair & Company LLC, Nuveen Securities LLC, Fifth Third Securities
Inc., and Perella Weinberg Partners LP, have collectively agreed to pay $79
million in penalties.

A
SEC’s investigations revealed pervasive and longstanding off-channel
communications at all 10 firms. Employees at these firms communicated through
personal text messages about their business activities, violating recordkeeping
provisions of the federal securities laws.

A
broker-dealer and investment adviser firms admitted to their employees sending
and receiving off-channel communications related to recommendations and advice
but failed to maintain or preserve the substantial majority of these
kommunikációt.

A
penalties include a $35 million fine for Interactive Brokers, a $15 million
penalty for Robert W. Baird & Co. Inc., a $10 million penalty for William
Blair & Company LLC, an $8.5 million penalty for Nuveen Securities LLC, an
$8 million penalty for Fifth Third Securities Inc., and a $2.5 million penalty
for Perella Weinberg Partners LP.

Gurbir
S. Grewal, Director of the SEC’s Division of Enforcement, noted: “One of
the orders included in today’s announced actions is not like the others. There
are real benefits to self-reporting, remediating and cooperating.”

Egymástól
from the financial penalties, the firms have agreed to cease and desist from
future violations, received censures, and committed to implementing
improvements in their compliance policies and procedures. They will also retain
independent compliance consultants to conduct comprehensive reviews of their
policies and procedures related to the retention of electronic communications
on personal devices. The Commodity Futures Trading Commission also announced
settlements with interaktív
brókerek for related conduct.

SEC Highlights Broker-Dealers
Falling Behind in AML Program Revisions

Egy korábbi jelentésben Pénzügyi mágnesek megjegyezte, hogy a SEC
issued a warning to broker-dealers, urging them to enhance their anti-money
laundering (AML) policies and procedures, specifically emphasizing due
diligence when opening new customer accounts. The regulator highlighted
concerns about inadequate resources, including staff allocation, devoted to AML
compliance programs by some broker-dealers.

A SEC outlined guidelines
for broker-dealers, stressing the necessity of implementing and maintaining a
comprehensive AML program aligned with the Bank Secrecy Act and its
regulations. Additionally, the regulator noted deficiencies in timely testing
of AML controls and updates to AML programs among certain broker-dealers.

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