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BGC Financial Settles Recordkeeping Case with SEC

July 25, 2018 by Louis Chunovic

BGC Financial Settles Recordkeeping Case with SEC

New York-based BGC Financial allegedly violated federal securities laws that require broker-dealers to maintain accurate books and records and promptly provide records requested by SEC staff, according to a recent SEC cease-and-desist order. The interdealer broker has agreed to pay a $1.25 million penalty to settle the SEC’s charges that it “failed to preserve audio… Read More >>

Filed Under: Data Management, Middle-Office, Operational Risk, Reconciliation & Exceptions, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Integration, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: BGC Financial, federal securities laws, operational risk, SEC, violations

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