January 31, 2016
Credit Suisse Securities (USA) LLC
SANCTION AMOUNT: $10,000,000
Defendants: Credit Suisse Securities (USA) LLC
Settlement of charges that Respondent misrepresented that it would use a feature called Alpha Scoring to identify opportunistic traders in its electronic communications network, "Light Pool." However, the feature allegedly was not used in the ECN for the first year it was operational, and Respondent allegedly was not balanced or judicious in kicking out identified, suspect traders once it was turned on.
- Key Docs
- Official SEC press release