The SEC reports that Credit Suisse Securities (USA) LLC will pay $10 million to settle charges, brought collaboratively by the SEC and the Office of the New York Attorney General (NYAG), alleging “material misrepresentations and omissions made in connection with its now-closed Retail Execution Services (RES) business’ handling of certain customer orders.” “Credit Suisse’s RES… Read More >>
Citi Settles Benchmark Manipulation Charges with 42 States
Citibank has settled with 42 states in a major case based on charges of fraudulent conduct via the alleged manipulation of the U.S. Dollar LIBOR benchmark interest rate and will be paying $100 million as part of a recent settlement. The LIBOR benchmark, now overseen by the ICE Benchmark Administration (IBA), helps financial services firms… Read More >>
