Violation Tracker Individual Record
Date:December 18, 2013
Offense Group:financial offenses
Primary Offense:investor protection violation
Three brokerage subsidiaries of ConvergEx Group agreed to pay more than $107 million to settle allegations that many of their institutional clients were caused to pay substantially higher amounts than disclosed for the execution of trading orders.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:New York
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:investment management and brokerage services
Source of Data:
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