Defendant Name:
BNY Mellon Capital Markets, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Bank of New York Mellon Corporation
SIC Code:
6022
CUSIP:
06405810
Document Reference:
34-95750
Document Details
Legal Case Name
In the Matter of BNY Mellon Capital Markets, LLC
Document Name
Order Instituting Administrative Cease-and-Desist Proceedings, Pursuant to Sections 15(b), 15B(c) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
13-Sep-2022
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
On September 12, 2022, the SEC instituted settled administrative and cease-and-desist proceedings against BNY Mellon Capital Markets, LLC, stating: "These proceedings involve BNY Mellon Capital Markets, LLC’s failure to comply with
Exchange Act Rule 15c2-12 (the “Rule”) when participating as an underwriter in certain primary
offerings of municipal securities."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$609,908.93
Shared:
Civil Penalty
Individual:
$300,000.00
Shared:
Pre-Judgment Interest
Individual:
$46,924.63
Shared:
