Defendant Name: BNY Mellon Capital Markets, LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Bank of New York Mellon Corporation
SIC Code: 6022
CUSIP: 06405810

Initial Case Details

Legal Case Name In the Matter of BNY Mellon Capital Markets, LLC
First Document Date 13-Sep-2022
Initial Filing Format Administrative Action
File Number 3-21071
Allegation Type Municipal Securities & Public Pensions

Violations Alleged

Other
• Rule G-27 MSRB

Resolutions

First Resolution Date 13-Sep-2022
Headline Total Penalty and Disgorgement $1,003,758

Related Documents:

34-95750 13-Sep-2022 Administrative Proceeding
Order Instituting Administrative Cease-and-Desist Proceedings, Pursuant to Sections 15(b), 15B(c) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 12, 2022, the SEC instituted settled administrative and cease-and-desist proceedings against BNY Mellon Capital Markets, LLC, stating: "These proceedings involve BNY Mellon Capital Markets, LLC’s failure to comply with Exchange Act Rule 15c2-12 (the “Rule”) when participating as an underwriter in certain primary offerings of municipal securities."
2022-161_3-21071 13-Sep-2022 Press Release--Administrative Proceeding
SEC Charges Four Underwriters in First Actions Enforcing Municipal Bonds Disclosure Law
The SEC stated that: "[It] filed a litigated action against Oppenheimer & Co. Inc. and separately announced settlements with BNY Mellon Capital Markets LLC, TD Securities (USA) LLC, and Jefferies LLC, charging each of the four firms with failing to comply with municipal bond offering disclosure requirements. These are the first SEC actions addressing underwriters who fail to meet the legal requirements that would exempt them from obtaining disclosures for investors in certain offerings of municipal bonds."