The SEC announced a settlement against broker-dealer Citigroup Global Markets Inc. for violating recordkeeping requirements related to its underwriting business, with a penalty of $2.9 million.
The SEC has charged Archipelago Trading Services Inc. with failing to file 461 Suspicious Activity Reports (SARs) between August 2012 and September 2020, leading to a $1.5 million penalty.
The Order requires the participants in NMS plans to submit a new plan for public notice and comment, with the existing plans to continue governing consolidated equity market data until the new plan is effective.
The Commission approved an amendment to the National Market System Plan increasing fees on industry members under the "Executed Share Model," allowing for the allocation of costs associated with building and operating the Consolidated Audit Trail.
Fluor Corporation and five of its officers and employees have agreed to pay a combined total of $14.5 million to settle charges stemming from improper accounting on two large-scale, fixed-price projects.
The SEC charged Prime Group Holdings LLC for failing to adequately disclose millions of dollars in real estate brokerage fees paid to an affiliate, resulting in a penalty payment of $20.5 million.
The SEC announced charges against five investment advisers for failing to comply with requirements related to the safekeeping of client assets and collectively paid over $500,000 in penalties.