Defendant Name: TMC Bonds, LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Intercontinental Exchange, Inc.
SIC Code: 6231
CUSIP: 45866F10

Document Reference: 34-87074

Document Details

Legal Case Name In the Matter of TMC Bonds LLC
Document Name 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
Document Date 24-Sep-2019
Document Format Administrative Proceeding
File Number 3-19501
Allegation Type Broker Dealer
Document Summary On September 24, 2019, the SEC instituted administrative and cease-and-desist proceedings against TMC Bonds LLC ("TMC"). The SEC stated: "Despite TMC’s representations regarding ATS subscriber anonymity, between at least January 2016 and June 2018 (the “relevant period”), personnel on TMC’s corporate bond desk, which facilitated corporate bond trading on the platform, disclosed to other ATS subscribers the identities of certain firms attempting to trade on the ATS, in hundreds of Bloomberg messages and chats."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $2,100,000.00 Shared:    

Related Documents:

2019-187 24-Sep-2019 Press Release--Administrative Proceeding
SEC Charges TMC Bonds With Failing to Protect Confidential Subscriber Information
The SEC stated that: "TMC Bonds LLC, operator of an alternative trading system (ATS) for fixed income securities, has agreed to pay $2.1 million to settle charges arising from TMC Bonds’ failure to protect confidential subscriber information."