Three broker-dealers will pay more than $6 million to settle charges that they provided SEC officials with incomplete and inaccurate “electronic blue sheet,” or EBS, data. Electronic blue sheets include the required securities trading information that the SEC uses to “carry out its enforcement and regulatory obligations, including the investigation of insider trading and other… Read More >>
Cowen Execution Services Settles Blue Sheet Data Case
New York-based Convergex Execution Solutions LLC, the broker-dealer now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that it failed to provide the SEC with “true and complete” securities trading information in its electronic blue sheet, or EBS, data-file submissions. Convergex admitted to the findings in a recent SEC order… Read More >>
