Violation Tracker Individual Record

Company: 
Tower Research Capital LLC
Penalty: 
$67,400,000
Year: 
2019
Date: 
November 7, 2019
Offense Group: 
competition-related offenses
Primary Offense: 
fraud
Violation Description: 

Tower Research Capital entered into a deferred prosecution agreement in connection with a criminal information filed in the Southern District of Texas charging the company with one count of commodities fraud. Under the terms of the DPA, Tower agreed to pay a combined $67.4 million in criminal monetary penalties, criminal disgorgement and victim compensation with the criminal monetary penalty credited for any payments made to the Commodity Futures Trading Commission.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
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.