Defendant Name:
BMO Capital Markets Corporation
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Bank of Montreal
SIC Code:
6021
CUSIP:
06367110
Document Reference:
34-86693
Document Details
Legal Case Name
In the Matter of BMO Capital Markets Corporation
Document Name
Order Instituting Administrative Proceedings, Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions
Document Date
16-Aug-2019
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On August 16, 2019, the SEC instituted settled administrative and cease and desist proceedings against BMO Capital Markets Corporation ("BMO CMC"). The SEC stated: "These proceedings arise out of BMO CMC’s improper practices with respect to securities lending transactions involving pre-released American Depositary Receipts (“ADRs”)."
Disgorgement & Penalty Information
Resolutions
Censured
Cooperation Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$2,218,363.04
Shared:
Civil Penalty
Individual:
$1,200,000.00
Shared:
Pre-Judgment Interest
Individual:
$546,340.40
Shared:
