Defendant Name:
Credit Suisse Securities (USA) LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Credit Suisse Group AG
SIC Code:
6029
CUSIP:
22540110
Document Reference:
33-10565
Document Details
Legal Case Name
In the Matter of Credit Suisse Securities (USA) LLC
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
28-Sep-2018
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On September 28, 2018, the SEC issued an order against Credit Suisse Securities (USA) LLC, stating: "Beginning in mid-2011 and continuing until March 2015, when RES [Retail Execution Services] closed, RES made material misrepresentations and omissions concerning its handling of held retail equity orders, in violation of Section 17(a)(2) of the Securities Act."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
$5,000,000.00
Shared:
