June 24, 2020

SG Americas Securities LLC has agreed to pay $1.55 million to the SEC and $1.55 million to FINRA, for a total monetary penalty of $3.1 million, to resolve charges of failing to provide complete and accurate securities trading information, also known as “blue sheet data.”  The SEC had found that because of inadequate internal processes, SG Americas failed to catch these coding errors, causing them to submit missing or incorrect data for about $27.6 million transactions.  SEC

Tagged in: Financial Institution Fraud,