The SEC settled a range of SEC charges arising from the brokerage operations of Robinhood Securities LLC and Robinhood Financial LLC (collectively, “Robinhood”) for a combined $45 million in civil penalties.

Moomoo Financial Inc. was fined $750,000 due to the entry of findings that its influencer communications were not fair and balanced and included misleading and promissory statements.

Morgan Stanley & Co. was fined $1,000,000 for failing to establish, document, and maintain a system of risk management controls and supervisory procedures reasonably designed to manage the financial risks of its market access business activity, including controls designed to prevent the entry of erroneous orders.

Celadon Financial Group was fined $195,000 and its CCO was fined $5,000 and suspended for publishing quarterly reports that provided inaccurate information about its handling of customers’ orders in NMS securities and failure to implement a reasonable AMLCP to facilitate low-priced securities transactions.

ViewTrade Securities, Inc. was fined $40,000 for failing to establish, maintain, and enforce a supervisory system, including written procedures, reasonably designed to supervise the outside brokerage accounts disclosed by its registered representatives.

Maxim Group LLC was fined $75,000 for publishing public quarterly reports on its handling of customers’ orders in NMS securities that failed to disclose required information and provided incomplete or inaccurate information.

CICC US Securities was fined $300,000 for failing to establish and implement an AML compliance program that described the factors to consider when performing surveillance for potential market manipulation, including a description of the potential types of market manipulation or information about how such surveillance should be documented.

TD Bank, the 10th largest bank in the United States, pleaded guilty and agreed to pay over $1.8 billion in penalties to resolve the U.S. Justice Department’s investigation into violations of the Bank Secrecy Act (BSA) and money laundering.

Citadel Securities LLC was fined $1 million for failing to properly report data for billions of equity and option order events over 4 years to the Consolidated Audit Trail (“CAT”).

IMC-Chicago, LLC dba IMC Financial Markets was fined $1.2 million for failing to timely and accurately report to the Consolidated Audit Trail (CAT) Central Repository 28.7 billion equity and options order events.

TD Securities (USA) LLC was fined $6,000,000 for findings that it engaged in instances of spoofing in U.S. Treasury securities through a former trader who worked on, and later became the head of, its U.S. Treasury trading desk.

SpeedTrader, Inc (fka Mint Global Markets, Inc.) was censured for failing to comply with its best execution obligations.

Wedbush Securities was fined $425,000 for failing to comply with Rule 606 of Regulation NMS of the Exchange Act in that the firm published Rule 606 reports that excluded equity and options orders in NMS securities due to data integrity issues.

TradeUP Securities, Inc. was fined $300,000 for failing to report to FINRA its short interest positions.

Colorado Financial Service Corporation was fined $50,000 for findings that its AML procedures were not reasonably designed to detect and report suspicious transactions, including potentially manipulative activity such as prearranged trading.

Newbridge Securities Corporation was fined $125,000 for findings that its AML program was not reasonably designed to achieve compliance with Customer Identification Program (CIP) and Customer Due Diligence (CDD) requirements.

BofA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated was fined $3,000,000 for failing to establish and maintain a supervisory system and WSPs reasonably designed to detect potentially manipulative trading.

American Portfolios Financial Services, Inc. was fined $225,000 for failing to develop and implement an anti-money laundering (AML) compliance program, including written procedures, reasonably designed to detect and cause the reporting of suspicious activity in low-priced securities.

SpeedTrader, Inc. was fined a total of $165,000 for failing to establish, maintain, and enforce a supervisory system, including WSPs, reasonably designed to achieve compliance with applicable federal securities laws and FINRA rules prohibiting potentially manipulative trading.

J.P. Morgan Securities LLC was fined a total of $100,000 for violating Rule 611(c) of Regulation NMS of the Exchange Act by failing to take reasonable steps to ensure that the intermarket sweep orders (ISOs) it routed met the requirements set forth in Rule 600(b)(31) of Regulation NMS.