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Violation Tracker Individual Record

Company: Lazard Capital Markets LLC
Penalty: $2,847,008
Year: 2008
Date: October 30, 2008
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Broker-dealer Lazard Capital Markets LLC agreed to pay a penalty of $600,000 and more than $2.2 million in disgorgement and interest to settle allegations that it failed to supervise three employees who collectively spent more than $600,000 while improperly entertaining traders at Fidelity Investments in an effort to generate brokerage business.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.