Defendant Name: Cowen Execution Services LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Cowen Inc.
SIC Code: 9999
CUSIP: 22362110

Initial Case Details

Legal Case Name In the Matter of Convergex Execution Solutions, LLC, now known as Cowen Execution Services LLC
First Document Date 13-Sep-2018
Initial Filing Format Administrative Action
File Number 3-18761
Allegation Type Broker Dealer

Violations Alleged

Other
• Rules 17a-4(j), 17a-25 Exchange Act

Resolutions

First Resolution Date 13-Sep-2018
Headline Total Penalty and Disgorgement $7,500,000

Related Documents:

34-84116 13-Sep-2018 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Section 203(e) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 13, 2018, the SEC issued an order against Convergex Execution Solutions, LLC, now known as Cowen Execution Services LLC, stating: "These proceedings arise out of Convergex's failure to submit to the Commission true and complete data in response to Commission staff electronic blue sheets ("EBS") requests, resulting in the reporting of EBS that was incomplete or deficient."
2018-191 13-Sep-2018 Press Release--Administrative Proceeding
Broker-Dealer to Pay $2.75 Million Penalty for Providing Deficient Blue Sheet Data
On September 13, 2018, the SEC issued a press release, stating: "The Securities and Exchange Commission today announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading information known as 'blue sheet data.'"