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 g
lobal 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.”
