January 31, 2016
Credit Suisse Securities (USA) LLC
SANCTION AMOUNT: $44,315,154
Defendants: Credit Suisse Securities (USA) LLC
Settlement of allegations regarding a number of alleged misstatements and omissions about Respondent's dark pool, including that it used a feature called Alpha Scoring to characterize subscriber order flow monthly in an objective and transparent manner, but which feature was neither objective nor transparent, nor did it categorize all subscribers monthly. Respondent also allegedly failed to disclose a preferential routing system and a technology that tipped two HFT firms about order submissions.
- Key Docs
- Official SEC press release