Law360, New York (September 28, 2015, 7:33 PM EDT) -- Credit Suisse has agreed to pay a $4.25 million penalty to settle U.S. Securities and Exchange Commission charges that it submitted inaccurate information about trading activity, the SEC announced Monday.New York-based Credit Suisse Securities USA LLC agreed to pay the fine as part of a settlement to resolve SEC allegations that it submitted incomplete or inaccurate information to the agency and the Financial Industry Regulatory Authority in filings known as “blue sheets.” Credit Suisse admitted that it had violated the record-keeping and reporting provisions of federal securities laws as part of the order.The director of the SEC’s Philadelphia Regional... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Credit Suisse is set to pay a $ 500 m penalty to the US securities and Exchange commission ( dot ) , over the submission of inaccurate information about its﻿ criminal activity in their ' blue sheets ' . The New York based branch of credit union responds to the breach of record - keeping rules.﻿