Defendant Name: Neovest, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: JPMorgan Chase & Co.
SIC Code: 6021
CUSIP: 46625H10

Document Reference: 34-92285

Document Details

Legal Case Name In the Matter of Neovest, Inc.
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 29-Jun-2021
Document Format Administrative Proceeding
File Number 3-20375
Allegation Type Broker Dealer
Document Summary On June 29, 2021, the SEC instituted settled cease-and-desist proceedings against Neovest, Inc. stating: "This proceeding involves violations of the broker-dealer registration requirements by Neovest, Inc. (“Neovest”), a company that provides an order and execution management system (“OEMS”) and real-time market data to mostly institutional investors and asset managers."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Monetary Penalties:

Civil Penalty

Individual:     $2,750,000.00 Shared:    

Related Documents:

2021-113 29-Jun-2021 Press Release--Administrative Proceeding
SEC Charges Electronic Trading Platform for Operating As An Unregistered Broker-Dealer
The SEC "announced that Neovest Inc., a provider of an order and execution management system (OEMS) that facilitates electronic trading, has agreed to pay a $2.75 million penalty for its failure to register as a broker-dealer in violation of the federal securities laws."