Violation Tracker Individual Record
: Cantor Fitzgerald & Co.
Current Parent Company
: Cantor Fitzgerald
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: December 21, 2015
: financial offenses
: investor protection violation
: financial institution supervision failures
: The Financial Industry Regulatory Authority fined Cantor Fitzgerald & Co. $6 million and ordered disgorgement of nearly $1.3 million in commissions, plus interest, for selling billions of unregistered microcap shares in violation of federal law. Cantor Fitzgerald & Co. was also sanctioned for failing to have adequate supervisory or anti-money laundering (AML) programs tailored to detect red flags or suspicious activity connected to its microcap activity.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
HQ Country of Current Parent
HQ State of Current Parent
: New York
Ownership Structure of Current Parent
: privately held
Major Industry of Current Parent
: financial services
Specific Industry of Current Parent
: investment management
Source of Data
: (click here)
: FINRA is a securities industry self-regulatory body authorized by the federal government.
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log