Defendant Name: Credit Suisse Securities (USA) LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Credit Suisse Group AG
SIC Code: 6029
CUSIP: 22540110

Initial Case Details

Legal Case Name In the Matter of Credit Suisse Securities (USA) LLC
First Document Date 28-Sep-2018
Initial Filing Format Administrative Action
File Number 3-18857
Allegation Type Broker Dealer

Violations Alleged

Securities Act
• Sec 17(a)(2)

Resolutions

First Resolution Date 28-Sep-2018
Headline Total Penalty and Disgorgement $5,000,000

Related Documents:

33-10565 28-Sep-2018 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 28, 2018, the SEC issued an order against Credit Suisse Securities (USA) LLC, stating: "Beginning in mid-2011 and continuing until March 2015, when RES [Retail Execution Services] closed, RES made material misrepresentations and omissions concerning its handling of held retail equity orders, in violation of Section 17(a)(2) of the Securities Act."
2018-224 28-Sep-2018 Press Release--Administrative Proceeding
Credit Suisse Agrees to Pay $10 Million to Settle Charges Related to Handling of Retail Customer Orders
The Commission stated: "The Securities and Exchange Commission today announced that Credit Suisse Securities (USA) LLC has agreed to settle charges brought by the SEC and the Office of the New York Attorney General regarding material misrepresentations and omissions made in connection with its now-closed Retail Execution Services (RES) business' handling of certain customer orders."