The SEC considered Cantor Fitzgerald’s remedial efforts and cooperation with its investigation in its decision to accept the settlement offer.
Aside from paying a $3.2 million in civil penalty within ten days, the Commission ordered the global financial services firm to cease and desist from committing or causing any violations and any future violations of record-keeping and reporting requirements of the Exchange Act
In a statement, SEC Philadelphia Regional Office Director Kelly Gibson said the Commission “depends on broker-dealers to provide it with complete and accurate trade data. She added, “When they fail to meet that obligation, it hinders our ability to detect wrongdoing and protect investors.”
