Defendant Name:
Archipelago Trading Services, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Intercontinental Exchange, Inc.
SIC Code:
6231
CUSIP:
45866F10
Document Reference:
34-98234
Document Details
Legal Case Name
In the Matter of Archipelago Trading Services, Inc.
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
29-Aug-2023
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On August 29, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against Archipelago Trading Services, Inc., stating: "This proceeding concerns ATSI’s failure to file Suspicious Activity Reports (“SARs”) between August 2012 and September 2020 related to suspicious transactions that were executed on its Alternative Trading System (“ATS”), Global OTC, which exclusively trades in Over-the-Counter (“OTC”) securities, many of which are considered microcap or penny stock securities, on behalf of its Subscribers, all of whom were U.S. registered broker-dealers."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$1,500,000.00
Shared:
