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Three broker-dealers settle SEC charges over incomplete data

December 11, 2018 5:12 AM
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(Reuters) - Broker-dealers Citadel Securities, Natixis Securities Americas LLC and MUFG Securities Americas Inc agreed to pay total penalties of more than $6 million to settle charges of providing incomplete trading data, the U.S. Securities and Exchange Commission (SEC) said on Monday.

Citadel were charged with submitting incorrect data for nearly 80 million trades while Natixis and MUFG were accused of submitting incorrect data for about 150,000 trades and 650,000 trades, respectively, the SEC said in a statement.

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