Violation Tracker Individual Record

Company: 
Credit Suisse Securities (USA) LLC
Current Parent Company: 
Credit Suisse
Penalty: 
$10,000,000
Year: 
2018
Date: 
September 28, 2018
Primary 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 https://violationtracker.goodjobsfirst.org/violation-tracker/-credit-sui...

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 Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
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.