Defendant Name: ICE Data Pricing & Reference Data, LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Intercontinental Exchange, Inc.
SIC Code: 6231
CUSIP: 45866F10

Initial Case Details

Legal Case Name In the Matter of ICE Data Pricing & Reference Data, LLC
First Document Date 09-Dec-2020
Initial Filing Format Administrative Action
File Number 3-20164
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Section 206(4) Advisers Act; Rule 206(4)-7 Advisers Act

Resolutions

First Resolution Date 09-Dec-2020
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

IA-5643 09-Dec-2020 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 9, 2020, the SEC instituted settled cease-and-desist proceedings against ICE Data Pricing & Reference Data, LLC, stating: "From at least 2015 through September 2020 (“Relevant Period”), for certain categories of fixed-income securities for which PRD was not able to provide an evaluation, PRD instead delivered to its clients a quote received from a single market participant, also known as a “single broker quote” or “broker quote.”"
2020-310 09-Dec-2020 Press Release--Administrative Proceeding
Global Securities Pricing Service to Pay $8 Million for Compliance Failures
The SEC stated that: "[It] charged ICE Data Pricing &Reference Data LLC, a global securities pricing service and New York-based registered investment adviser, for compliance deficiencies relating to its delivery to clients of prices based on quotes it received from a single market participant, also known as single broker quotes. ICE Data PRD has agreed to pay $8 million to settle the charges."