Defendant Name: Archipelago Trading Services, Inc.

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 Archipelago Trading Services, Inc.
First Document Date 29-Aug-2023
Initial Filing Format Administrative Action
File Number 3-21587
Allegation Type Broker Dealer

Violations Alleged

Other
• Section 17(a) Exchange Act; Rule 17a-8 Exchange Act

Resolutions

First Resolution Date 29-Aug-2023

Related Documents:

34-98234 29-Aug-2023 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On August 29, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against Archipelago Trading Services, Inc., stating: "This proceeding concerns ATSI’s failure to file Suspicious Activity Reports (“SARs”) between August 2012 and September 2020 related to suspicious transactions that were executed on its Alternative Trading System (“ATS”), Global OTC, which exclusively trades in Over-the-Counter (“OTC”) securities, many of which are considered microcap or penny stock securities, on behalf of its Subscribers, all of whom were U.S. registered broker-dealers."
2023-164 29-Aug-2023 Press Release--Administrative Proceeding
SEC Charges Archipelago Trading Services with Failing to File Suspicious Activity Reports
On August 29, 2023, the SEC "announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), between August 2012 and September 2020. The charges were related to transactions in over-the-counter (OTC) securities executed on ATSI’s alternative trading system (ATS). ATSI, a Chicago-based broker-dealer, has agreed to pay $1.5 million to settle the charges."