Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Credit Suisse Securities (USA) LLC
Current Parent Company: UBS
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $10,000,000
Year: 2018
Date: September 28, 2018
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description: The New York Attorney General announced that Credit Suisse Securities (USA) LLC agreed to pay $10 million to settle an investigation into fraudulent practices in connection with its Retail Execution Services, a wholesale market-making business that executed retail equity orders of everyday investors. The settlement was also negotiated by the Securities and Exchange Commission, which issued its own announcement on its portion of the agreement; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.