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SEC Fines 11 Wall Street Firms for Alleged Recordkeeping Violations

The US securities regulator has fined 11 broker-dealers a combined penalty of USD $289 million for allegedly violating the regulation on recordkeeping procedures. The Securities and Exchange Commission (SEC) has issued cease and desist orders against the companies which have admitted the violations.The mentioned companies are the subsidiaries of Well Fargo, which agreed to pay USD $125 million in penalty. BNB Paribas Securities Corp, and SG Americas Securities, have each agreed to a fine of USD... Read More

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Posted: Aug 8 2023, 19:43

Author Name: financemagnates

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