Pictet Overseas and Blue Ocean ATS were fined a total of $1.16 million for anti-money laundering (AML) and supervisory violations related to low-priced securities transactions.

The Ultima Global Markets (USA), Inc. fka BCS Global Markets was fined $100,000 for failing to establish and implement an AML program that could be reasonably expected to detect and cause the reporting of potentially suspicious activity relating to low-priced securities transactions in correspondent accounts controlled by the firm’s affiliated foreign financial institutions (FFIs), who traded on behalf of undisclosed customers.

Canaccord Genuity LLC was fined $20 million for failing to establish and maintain a supervisory system reasonably designed to supervise its securities transactions.

Herold & Lantern Investments, Inc. was fined $125,000 for failing to establish and implement an anti-money laundering (AML) compliance program reasonably designed to detect and cause the reporting of suspicious transactions in low-priced securities.

Folio Investments, Inc. dba Goldman Sachs Custody Solutions was fined $1.3 million for failing to conduct reasonable regular and rigorous reviews of execution quality.

Instinet, LLC was fined a total of $1.2 million for failing  to establish and maintain a supervisory system, including WSPs, reasonably designed to identify potentially manipulative trading by its clients.

Virtu Americas LLC was fined a total of $200,000 for failing to take reasonable steps to establish that intermarket sweep orders (ISOs) routed by the firm to certain market centers met the requirements for ISOs.

Cetera Advisors, LLC; Cetera Investment Services LLC; and Cetera Wealth Services, LLC were fined $1,100,000 for failing to have supervisory systems comply with Section 5 of the Securities Act of 1933, including deposits and sales of low-priced securities.

BNP Paribas Securities Corp. was fined $125,000 for failing to report over-the-counter (OTC) options positions to the Large Options Positions Reporting (LOPR) system as a result of separate issues arising out of transactions where the firm acted as an intermediary between its foreign affiliates and U.S.-based customers.

SogoTrade was fined $75,000 for failing to maintain a system of risk management controls and supervisory procedures reasonably designed to manage the financial, regulatory, and other risks of its market access business activity, including controls designed to prevent the entry of erroneous orders.

Credit Suisse Securities (USA) was fined a total of $7,125,000 for failing to establish and maintain a supervisory system to prevent various forms of manipulative and insider trading.

Virtu Americas was fined $675,000 for failing to reasonably document certain risk management controls designed to prevent the entry of erroneous orders.

Nomura Securities International was fined $625,000 for violating Rule 200(f) of Regulation SHO by including securities positions of two affiliates when calculating the net positions of an independent trading unit.

Piper Sandler & Co. was fined $95,000 due publishing public quarterly reports on its handling of customers’ orders in NMS securities that overstated statistical information related to options orders.

SG Americas Securities was fined $90,000 for violating Rule 606(a) of Regulation National Market System (NMS) due to publishing seven inaccurate quarterly reports on its handling of customers' orders in NMS securities.

Interactive Brokers LLC was fined $150,000 for violating Rule 603(c) of Regulation NMS by failing to provide certain of its customers with a consolidated display containing all required market data elements at the point of order entry on its trading platforms.

CIBC World Markets Corp. was fined $425,000 for failing to report, or inaccurately reported, over-the-counter (OTC) options positions to the Large Options Positions Reporting (LOPR) system.

BofA Securities, Inc. was fined a total of $450,000 for failing to prevent trade-throughs of protected quotations in NMS stocks resulting from system issues and assure that its intermarket sweep orders (ISOs) complied with Regulation NMS.

Velocity Clearing was fined a total of $1,000,000 for failing to establish, maintain, and enforce a supervisory system, including WSPs, reasonably designed to achieve compliance with rules prohibiting manipulative trading activity by its customers.

Velox Clearing LLC was fined $1,300,000 for failing to establish and implement an AML program that can be reasonably expected to detect and cause the reporting of suspicious transactions of its high-risk customer base and those customers’ trading in volatile low-priced securities.