Investment adviser deVere USA hit with $8 million fine for misleading retail clients LeapRate

Investment adviser deVere USA hit with $8 million fine for misleading retail clients

The U.S. Securities and Exchange Commission (SEC) has announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement will result in the establishment of a Fair Fund for distribution of the penalty…

January 15, 2017 BY LeapRate Staff

Market maker Citadel Securities hit with $22 million SEC fine for misleading retail clients about pricing trades

The U.S. Securities and Exchange Commission has announced that market making firm Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the way it priced trades. The SEC’s order finds that Citadel Execution Services…

Tag: misleading clients

Investment adviser deVere USA hit with $8 million fine for misleading retail clients

Market maker Citadel Securities hit with $22 million SEC fine for misleading retail clients about pricing trades

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