BGC Partners, Inc.

Financial Fraud

SANCTION AMOUNT: $1400000

Defendants: BGC Partners, Inc.

According to the SEC’s Order, Respondent BGC, a global brokerage company servicing the financial and real estate markets, included false statements in earnings releases concerning a key non-GAAP financial measure it called post-tax distributable earnings or Post-Tax DE. Respondent agreed to settle the charges and pay this sanction, in the form of a penalty.

Key Docs
Official SEC press release

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