(MENAFN) U.S. Securities and Exchange Commission (SEC) announced that three broker-dealers approved paying more than USD6 million due to violations in SEC data submission regulations.
According to SEC, Citadel Securities LLC, Natixis Securities Americas LLC, and MUFG Securities Americas Inc. each submitted incomplete and inaccurate "blue sheet data" to SEC.
Associate Regional Director for Enforcement in the SEC's Philadelphia Regional Office said: "we routinely use blue sheet data to detect wrongdoing and protect Main Street investors through our enforcement efforts."
SEC said that Citadel submitted false data for nearly 80 million trades, while Natixis and MUFG submitted incorrect data for approximately 150,000 trades and 650,000 trades, respectively.
€ƒ
MENAFN1112201800450000ID1097813995
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.