CIBC, SEC and CFTC
CIBC settles with U.S. regulators over record-keeping violations
Canadian Imperial Bank of Commerce has become the last of Canada’s largest banks to face a multimillion-dollar penalty from U.S. regulators over employees’ use of unapproved communication methods. CIBC will pay US$30-million to the Commodity Futures Trading Commission and US$12-million to the Securities and Exchange Commission,
CIBC Hit With Record-Keeping Penalties in U.S. From CFTC, SEC
The CFTC order imposes a $30 million civil monetary penalty and orders CIBC to cease and desist from further violations of record-keeping and supervision requirements. The commission said it also was ordering CIBC, which admitted the facts in the order, to engage in specific remedial undertakings.
SEC, CFTC Charge CIBC With Record-Keeping Penalties
Canadian Imperial Bank of Commerce (CM) was charged with penalties by the Securities and Exchange Commission, and the Commodity
SEC hits nearly a dozen firms with $88M in penalties in latest recordkeeping sweep
One firm avoided penalties as it proactively self-reported and took compliance action, according to the regulator.
Wall St firms to pay combined $100 million for record-keeping violations
More Wall Street firms have agreed to pay a combined $100 million to settle charges from U.S. regulators that they violated regulations by failing to prevent the use of personal devices, text messaging and apps like WhatsApp for business.
CIBC paying US$42 million for U.S. records-keeping violations
CIBC is the latest Canadian bank to face fines for records-keeping violations in the United States. The Commodity Futures Trading Commission (CFTC) has imposed a US$30-million penalty, while the Securities and Exchange Commission announced charges that have led to a US$12-million penalty against two CIBC divisions.
CIBC fined $1.25 mln by CFTC for swap reporting delays
Canadian Imperial Bank of Commerce will have to pay a penalty of $1.25 million to the Commodity Futures Trading Commission ...
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Notification Settings
CIBC is the latest Canadian bank to face fines for records-keeping violations in the United States. The Commodity Futures ...
CIBC, Invesco, Stifel Pay Millions to Settle WhatsApp Probes
US regulators levied more than $118 million in penalties against several financial firms for failing to keep employees’ ...
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Two Canadian firms will pay millions to US SEC in settlement
The US Securities and Exchange Commission (SEC) announced today that 11 firms are being ordered to pay $88 million to settle ...
CIBC fined $1.25 million by CFTC for swap reporting delays
Canadian Imperial Bank of Commerce will have to pay a penalty of $1.25 million to the Commodity Futures Trading Commission ...