Violation Tracker Individual Record
Company:
Linkbrokers Derivatives LLC
Penalty:
$14,000,000
Year:
2014
Date:
August 14, 2014
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
New York-based brokerage firm Linkbrokers Derivatives LLC agreed to pay $14 million to settle allegations that it unlawfully took secret profits of more than $18 million from customers by adding hidden markups and markdowns to their trades.
Level of Government:
federal
Action Type:
agency action
Agency:
Securities and Exchange Commission
Civil or Criminal Case:
civil
Source of Data:
https://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542649183 (archived copy)
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
