Credit Suisse is set to pay a $4.25m penalty to the US Securities and Exchange Commission (SEC), over the submission of inaccurate information about its﻿ trading activity in their 'blue sheets'. The bank was found guilty by an SEC investigation into its handling of customer orders for credit default swaps (CDS) that were sold on Wall Street before they went sour.
Credit Suisse is set to pay a $4.25m penalty to the US Securities and Exchange Commission (SEC), over the submission of inaccurate information about its﻿ trading activity in their 'blue sheets'. The New York based branch of Credit Suisse admitted to the breach of record-keeping rules.﻿