Defendant Name: BMO Capital Markets Corporation

Defendant Type: Subsidiary of Public Company
Public Company Parent: Bank of Montreal
SIC Code: 6021
CUSIP: 06367110

Initial Case Details

Legal Case Name In the Matter of BMO Capital Markets Corporation
First Document Date 16-Aug-2019
Initial Filing Format Administrative Action
File Number 3-19356
Allegation Type Broker Dealer

Violations Alleged

Other
• 15(b)(4)(E) Exchange Act

Resolutions

First Resolution Date 16-Aug-2019
Headline Total Penalty and Disgorgement $3,900,000

Related Documents:

34-86693 16-Aug-2019 Administrative Proceeding
Order Instituting Administrative Proceedings, Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions
On August 16, 2019, the SEC instituted settled administrative and cease and desist proceedings against BMO Capital Markets Corporation ("BMO CMC"). The SEC stated: "These proceedings arise out of BMO CMC’s improper practices with respect to securities lending transactions involving pre-released American Depositary Receipts (“ADRs”)."
2019-155 16-Aug-2019 Press Release--Administrative Proceeding
Cantor Fitzgerald and BMO Capital Charged for Improper Handling of ADRs
The SEC stated: "[B]roker BMO Capital Markets Corporation will pay over $3.9 million to settle charges of improper handling of "pre-released" American Depositary Receipts (ADRs)."