January 31, 2016

Credit Suisse Securities (USA) LLC

Financial Fraud

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.

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