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”).

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.

TradeZero America, Inc. was fined $250,000 for findings that its influencer communications were not fair and balanced and included exaggerated and promissory statements.

ACS Execution Services, LLC was fined $250,000 for failing to obtain locates for short sale orders as required by Rule 203(b)(1) of Regulation SHO.

Merrill Lynch was fined $825,000 for failing to review the execution timeliness of orders processed through the firm’s electronic order systems from the time the orders were routed to a market center for further handling or execution and the final execution time.

The SEC alleges that companies engaged in the business of purchasing convertible securities from penny stock issuers, converting those securities into common stock at a large discount from the prevailing market price, and quickly selling the newly issued shares into the market for a profit.

M1 Finance LLC was fined $400,000 for incorrectly treating all sales as long, effecting sell orders that required compliance with Regulation SHO Rule 203(b)(1), without obtaining a locate for the short sale.

SoFi Securities was fined $1,100,000 for findings that it created, and rolled out to the public, a cash management brokerage account wherein applicants were able to steal from customers of other institutions, and used the firm’s cash management brokerage account to withdraw the funds.

Flow Traders U.S. was fined $50,000 for failing to establish, document, and maintain financial risk management controls and supervisory procedures reasonably designed to prevent the entry of orders that exceed appropriate pre-set capital thresholds in the aggregate for the firm.

Cobra Trading, Inc. was fined $200,000 for findings that it paid influencers for promotional communications on social media platforms, including online interactive forums and video sharing platforms, but certain influencer communications were not fair and balanced or made claims that were promissory.