Tag: broker_dealer
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SEC Censures OTC Link LLC Over Repeated Regulation SCI Failures
The SEC censured New York broker dealer OTC Link LLC and ordered a $575,000 civil penalty for longstanding violations of Regulation Systems Compliance and Integrity.
BusinessLaw EnforcementUSAFinancial MarketsLegalFederal Government Securities and Exchange CommissionOTC Link LLCRegulation SCIcivil penaltycensurebroker dealerNew York
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FinCEN Imposes Record $125 Million Penalty on UBS for BSA Violations
FinCEN has levied a record $125 million penalty against UBS Financial Services Inc. for willful Bank Secrecy Act violations. This is the largest fine ever imposed on a broker-dealer for such infractions, highlighting serious regulatory breaches.
BusinessLaw EnforcementPolitics and GovernmentFederal GovernmentBankingFinancial MarketsLegal Financial Crimes Enforcement NetworkUBS Financial Services Inc.Bank Secrecy ActCivil Money PenaltyMoney LaunderingBroker-dealerFinancial Regulation