The Securities and Exchange Commission and the New York State Attorney General have a problem with how TIAA-CREF Individual & Institutional Services, LLC did its business in the 2012 to 2018 period. The SEC and the NY AG allege that TIAA-CREF Individual & Institutional Services (TC Services) failed to “adequately” disclose conflicts of interest and… Read More >>
TFS-ICAP Faces CFTC’s Charges after NYAG Convictions
The CFTC has charged an English interdealer broker TFS-ICAP Ltd. and its American branch TFS-ICAP LLC with fraud and supervisory failures, and is alleging that a board chairman, CEO and senior manager affiliated with the company were responsible for fraudulent conduct. The regulator’s case follows guilty pleas entered by the U.K. firm and its U.S…. Read More >>
Barclays, Credit Suisse Pay for Dark Pool Violations
Barclays Capital Inc. and Credit Suisse Securities (USA) LLC will pay a combined total of $154.3 million to the State of New York and the SEC to settle investigations into “false statements and omissions made in connection with the marketing of their respective dark pools and other high-speed electronic equities trading services,” according the office… Read More >>
