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Neovest Charged with Acting as an Unregistered Broker

July 6, 2021 by Eugene Grygo

Neovest Charged with Acting as an Unregistered Broker

JPMorgan Chase & Co. (JPMC) will be paying a $2.75 million penalty to settle SEC allegations that its Neovest subsidiary was acting as an unregistered broker-dealer for more than a decade in addition to its role as an order and execution management system (OEMS) vendor. This case marks the first time that the SEC has penalized… Read More >>

Filed Under: Securities Operations, Buy-Side, Operational Risk, Ops Automation, Risk Management, Governance, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: broker-dealer, execution management system, FINRA, Neovest, OEMS, operations, order management system, SEC, Securities Operations

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