January 22, 2016

November 19, 2014

ConvergEx Global Markets Limited (CGM Limited), a brokerage subsidiary of ConvergEx Group LLC, was sentenced and ordered to pay a criminal penalty and restitution of $26M for wire fraud and conspiracy to commit securities and wire fraud in connection with a scheme to charge clients millions of dollars in unwarranted and hidden fees. The company pleaded guilty on Dec. 18, 2013. In total, CGM Limited and ConvergEx Group will pay $43.8M in criminal penalties and restitution. DOJ

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