Banca IMI Securities Corp., a New York broker-dealer, has pled guilty to an antitrust charge and been sentenced to pay a criminal penalty “in excess of $2 million for its involvement in a bid-rigging conspiracy for certain financial instruments,” the U.S. Department of Justice reports. Those financial instruments are pre-release American Depository Receipts (ADRs), which… Read More >>
SEC Pushing for Consolidated Audit Trail
The SEC voted late last month to move ahead with the final phase of the consolidated audit trail (CAT) project, part of a proposed national market system (NMS) plan to “create a single, comprehensive database that would enable regulators to efficiently track all trading activity in the U.S. equity and options market,” officials say. The… Read More >>
