Defendant Name:
ICE Data Pricing & Reference Data, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Intercontinental Exchange, Inc.
SIC Code:
6231
CUSIP:
45866F10
Document Reference:
IA-5643
Document Details
Legal Case Name
In the Matter of ICE Data Pricing & Reference Data, LLC
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
09-Dec-2020
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On December 9, 2020, the SEC instituted settled cease-and-desist proceedings against ICE Data Pricing & Reference Data, LLC, stating: "From at least 2015 through September 2020 (“Relevant Period”), for certain categories of fixed-income securities for which PRD was not able to provide an evaluation, PRD instead delivered to its clients a quote received from a single market participant, also known as a “single broker quote” or “broker quote.”"
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$8,000,000.00
Shared:
