Defendant Name: Neovest, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: JPMorgan Chase & Co.
SIC Code: 6021
CUSIP: 46625H10

Initial Case Details

Legal Case Name In the Matter of Neovest, Inc.
First Document Date 29-Jun-2021
Initial Filing Format Administrative Action
File Number 3-20375
Allegation Type Broker Dealer

Violations Alleged

Other
• Section 15(a) Exchange Act

Resolutions

First Resolution Date 29-Jun-2021
Headline Total Penalty and Disgorgement $2,750,000

Related Documents:

34-92285 29-Jun-2021 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On June 29, 2021, the SEC instituted settled cease-and-desist proceedings against Neovest, Inc. stating: "This proceeding involves violations of the broker-dealer registration requirements by Neovest, Inc. (“Neovest”), a company that provides an order and execution management system (“OEMS”) and real-time market data to mostly institutional investors and asset managers."
2021-113 29-Jun-2021 Press Release--Administrative Proceeding
SEC Charges Electronic Trading Platform for Operating As An Unregistered Broker-Dealer
The SEC "announced that Neovest Inc., a provider of an order and execution management system (OEMS) that facilitates electronic trading, has agreed to pay a $2.75 million penalty for its failure to register as a broker-dealer in violation of the federal securities laws."