Defendant Name:
Cormark Securities Inc.
Defendant Type:
Other
Document Reference:
34-90740
Document Details
Legal Case Name
In the Matter of Cormark Securities Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
21-Dec-2020
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On December 21, 2020, the SEC instituted settled cease-and-desist proceedings against Cormark Securities Inc., stating: "These proceedings concern Cormark’s role in repeatedly causing a U.S.
executing broker (the “Executing Broker”) to violate the order-marking and locate
requirements of Regulation SHO of the Exchange Act."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
The SEC stated: "Respondent has undertaken to cooperate with any subsequent investigation by the Enforcement Division regarding the subject matter of this Order, and with any related enforcement action."
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$800,000.00
Shared:
