SEC says BMA Securities failing to pay fine for Regulation SHO violations
The SEC alleges that BMA Securities has failed to comply with an order directing it to pay a fine of $275,000 for Reg SHO violations.
The SEC alleges that BMA Securities has failed to comply with an order directing it to pay a fine of $275,000 for Reg SHO violations.
The settlement in principle between the SEC and BTIG includes an injunction, disgorgement, and a civil money penalty.
The SEC opposes BTIG’s claims that the regulator does not have statutory authority to obtain disgorgement from BTIG.
Tradition repeatedly failed to satisfy Reg SHO’s requirements for more than 1,000 short sale trades in its customers’ accounts.
BTIG argues that the SEC Complaint accusing it of short selling violations fails to state a claim on which relief can be granted.
JP Morgan Clearing Corporation, now known as JP Morgan Securities LLC, has agreed to pay a $300,000 fine as a part of a settlement with FINRA.
Clearpool failed to comply with Regulation SHO of the Securities Exchange Act of 1934, and trade reporting rules.
SEC alleges that BTIG earned $1.6 million in commissions from placing mismarked sale orders for a hedge fund.