Defendant Name:
Credit Suisse Securities (USA) LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Credit Suisse Group AG
SIC Code:
6211
CUSIP:
22540110
Document Reference:
34-75992
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 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
28-Sep-2015
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On September 28, 2015, the SEC instituted settled administrative and cease-and-desist proceedings against Credit Suisse Securities (USA) LLC. According to the SEC: "This action results from Credit Suisse's violation of the recordkeeping and reporting requirements of Section 17(a) of the Exchange Act and Rules 17a-4(j) and 17a-25 thereunder. From January 2012 to January 2014 ... Credit Suisse failed to provide required accurate and complete blue sheet submissions to the Commission, resulting in at least 593 deficient blue sheet submissions to the Commission by the firm, thereby omitting more than 553,400 reportable trades representing 1.3 billion shares."
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:
$4,250,000.00
Shared:
