Governance & Reporting

Record-keeping failures land financial firms with $1.8bn fines

By Justin Pugsley
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The Securities and Exchange Commission (SEC) levied $1.1bn in fines on 15 broker-dealers and one affiliated investment adviser. Separately, the Commodity Futures Trading Commission fined 11 financial firms $710m for the same offences. This is a record fine for this type of violation. 

On September 27, the SEC said the ...

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