Business and Finance Business and Finance
Mon, January 13, 2025
[ 08:20 PM ] - Emirates247
UAE and Uzbekistan explore ways to enhance econom .. ew economy, FinTech, tourism and entrepreneurship
[ 08:00 PM ] - SiliconANGLE
Moonpay acquires Helio to enhance cryptocurrency commerce and trading infrastructure
[ 08:00 PM ] - Reuters
Goldman Sachs creates new division to boost focus on financing
[ 07:40 PM ] - MSN
Student Loan Borrowers: How Linda McMahon's Appointment Impacts You
[ 06:40 PM ] - MSN
How To Financially Plan for the New Year Under the Upcoming Trump Presidency
[ 06:20 PM ] - Investopedia
Salary vs. Hourly Pay: What's the Difference?
[ 06:00 PM ] - MSN
Best Cryptos to Join Now: Qubetics Presale Skyroc .. 417M Tokens Sold, AAVE & VeChain Rivalry Heats Up
[ 05:20 PM ] - BBC
Chancellor will remain for all of Parliament, Downing Street says
[ 05:01 PM ] - MSN
Unexpected twist: Pharma mergers may reduce drug prices
[ 05:00 PM ] - MSN
Leo, Daily Horoscope Today, January 14, 2025: Patience and open communication required
[ 04:40 PM ] - MSN
Why Harmony Biosciences (HRMY) Is the Top Small Cap Stock to Buy with the Highest Upside Potential
[ 04:40 PM ] - CNET
Rocket Money Review 2025
[ 04:20 PM ] - Reuters
Risky ships must be identified to protect undersea cables, EU's Virkkunen says
[ 02:40 PM ] - MSN
Russia hidden war debt and a looming credit crisis
[ 02:20 PM ] - AOL
Female founders jump into action to provide relief for Los Angeles wildfire victims
[ 02:01 PM ] - MSN
Aquarius Daily Horoscope Today (Jan 20- Feb 19), January 13, 2025: Be mindful of your health!
[ 02:00 PM ] - MSN
Neogen Corporation (NASDAQ:NEOG) Q2 2025 Earnings Call Transcript
[ 02:00 PM ] - CFO
A CFO action plan for 2025
[ 01:20 PM ] - CNET
IRS 1099-K Update: Venmo, PayPal and Cash App Users Should Know About This New Tax Rule
[ 12:21 PM ] - Forbes
Top 10 Trends For Banking In 2025 - The Future Is Back
[ 12:21 PM ] - Reuters
Utility firm Duke Energy names insider Harry Sideris as CEO
[ 12:20 PM ] - Forbes
3 Billion-Dollar Entrepreneur Lessons From World Chess Champion Gukesh
[ 12:00 PM ] - Forbes
Newlab To Launch A Saudi Hub. First Focus: Mining Startups
[ 11:41 AM ] - MSN
Michael Saylor's MicroStrategy buys another 2,530 Bitcoin worth $243 million
[ 11:40 AM ] - Reuters
BMO unit to pay $40.7 million in US SEC settlement over misleading bond sales
[ 10:41 AM ] - MSN
Here's the confirmation hearing schedule for Trump's Cabinet picks
[ 10:20 AM ] - MSN
Here's how single women are successfully navigati .. otherwise brutal market for first-time homebuyers
[ 10:00 AM ] - sinchew
HKICPA participates in the Asian Financial Forum .. lores new growth engines in global sustainability
[ 09:40 AM ] - MSN
Libra Daily Horoscope Today (Sept 23- Oct 22), January 13, 2025: Morale will be high!
[ 09:40 AM ] - Reuters
BMO Capital markets settles with SEC over bond desk supervision

BMO Capital markets settles with SEC over bond desk supervision


Published on 2025-01-13 09:40:45 - Reuters
  Print publication without navigation

  • BMO Capital Markets agreed to pay more than $40 million to settle U.S. Securities and Exchange Commission charges it failed to properly supervise employees who sold mortgage-backed bonds, the regulator said on Monday.

BMO Capital Markets has agreed to pay a $12.5 million fine to settle charges brought by the U.S. Securities and Exchange Commission (SEC) for inadequate supervision of its bond trading desk. The SEC alleged that from 2018 to 2020, BMO failed to properly oversee its traders, leading to violations of record-keeping rules and the use of unapproved communication channels like personal text messages for business discussions. This settlement marks the latest in a series of enforcement actions by the SEC aimed at ensuring financial institutions maintain robust compliance and surveillance systems to prevent misconduct in trading operations.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/bmo-capital-markets-settles-with-sec-over-bond-desk-supervision-2025-01-13/ ]
Contributing Sources