BMO unit to pay $40.7 million in US SEC settlement over …

Jan 13, 2025 · A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees who misled investors …

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BMO Unit To Pay $40.7 Million In US SEC Settlement Over …

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Jan 13, 2025 · A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees who misled investors …

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US SEC Uncovers $3 Billion Bond Scandal In BMO, Issues $40M Fine

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Jan 14, 2025 · The SEC alleged that the bank provided misleading metrics and collateral descriptions to customers, allowing them to misrepresent the bonds’ risk and structure. To …

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BMO Pays $40m USD To Settle Bond Misrepresentation Claims

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Jan 14, 2025 · A Bank of Montreal (BMO) subsidiary has agreed to pay $40.7 million USD to settle charges from the US Securities and Exchange Commission (SEC) over allegations of …

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BMO Agrees To Pay $40M US Settlement On SEC Charges Related To …

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Jan 13, 2025 · The U.S. Securities and Exchange Commission says BMO has agreed to pay more than $40 million US to settle charges related to the bank's alleged supervision failure in …

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BMO Agrees To Pay US$41-million To SEC After Giving U.S. Clients ...

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Jan 13, 2025 · Bank of Montreal BMO-T will pay the U.S. Securities and Exchange Commission US$40.7-million to settle charges related to misleading investors about key details of the …

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BMO Unit To Pay $40M In SEC Settlement - USA Herald

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Jan 13, 2025 · BMO Capital Markets has agreed to a $40 million settlement with the U.S. Securities and Exchange Commission (SEC) over allegations that the broker-dealer failed to …

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Mortgage-Backed Bond Misrepresentation Costs BMO U.S. Unit

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Jan 13, 2025 · Bank of Montreal's (BMO) U.S. unit has agreed to pay $40.7 million to settle allegations by the Securities and Exchange Commission (SEC) that it misled investors about …

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BMO Capital Markets Settles With SEC Over Bond Desk Supervision

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Jan 13 (Reuters) - BMO Capital Markets (BMO.TO), opens new tab agreed to pay more than $40 million to settle U.S. Securities and Exchange Commission charges it failed to properly …

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BMO Unit To Pay $40.7 Million In US SEC Settlement Over …

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Jan 13, 2025 · NEW YORK (Reuters) - A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees …

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BMO Managing Director Dismissed Over SEC Probe

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Jan 27, 2025 · The firm agreed to return US$19.4 million in gains to those who were affected and pay a US$19 million civil penalty along with US$2.2 million in interest. The bank did not admit …

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BMO Dismissed A Managing Director As It Was Finalizing SEC …

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Jan 27, 2025 · Earlier this month, BMO settled SEC charges in a matter of alleged deceptive structuring and marketing of CMOs, agreeing to pay a US$19-million fine as well as US$21.7 …

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Mortgage-Backed Bond Misrepresentation Costs BMO U.S. Unit …

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Jan 13, 2025 · Bank of Montreal's U.S. unit has agreed to pay $40.7 million to settle allegations by the Securities and Exchange Commission (SEC) that it misled investors about the quality of …

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BMO Unit To Pay $40.7 Million In US SEC Settlement Over

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NEW YORK (Reuters) - A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to sup BMO unit to pay $40.7 …

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BMO Unit To Pay $40.7 Million In US SEC Settlement Over …

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Nov 16, 2024 · NEW YORK (Reuters) – A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees …

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BMO Capital Markets Reaches Settlement Over Bond Supervision …

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Jan 13, 2025 · BMO Capital Markets has made headlines recently with a significant settlement amounting to over $40 million with the U.S. Securities and Exchange Commission (SEC). This …

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SEC Orders BMO Capital To Pay $40 Million Over Misleading …

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Jan 14, 2025 · The Securities and Exchange Commission (SEC) charged BMO Capital Markets Corp. with failing to properly supervise employees on its agency bond desk. The firm agreed to …

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BMO Unit To Pay $40.7 Million In US SEC Settlement Over …

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NEW YORK (Reuters) - A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees who …

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SEC.gov | Two Robinhood Broker-Dealers To Pay $45 Million In …

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Jan 13, 2025 · Robinhood Securities agreed to pay a $33.5 million penalty and Robinhood Financial agreed to pay a $11.5 million penalty. The SEC’s electronic blue sheets investigation …

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BMO Unit To Pay $40.7 Million In US SEC Settlement Over …

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Jan 13, 2025 · By Jonathan Stempel NEW YORK (Reuters) – A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed …

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BMO Unit To Pay $40.7 Million In US SEC Settlement Over …

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Jan 13, 2025 · By Jonathan Stempel NEW YORK (Reuters) – A unit of Bank of Montreal agreed to pay $40.7 million to settle

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FAQs about BMO unit to pay $40.7 million in US SEC settlement over … Coupon?

Why did BMO agree to a $40 million settlement with SEC?

BMO Capital Markets has agreed to a $40 million settlement with the U.S. Securities and Exchange Commission (SEC) over allegations that the broker-dealer failed to properly supervise employees who provided misleading information about mortgage-backed securities sold between 2020 and 2023, the agency announced Monday. ...

How much will BMO pay SEC?

will pay the U.S. Securities and Exchange Commission US$40.7-million to settle charges related to misleading investors about key details of the bank’s bonds. The SEC said Monday that BMO Capital Markets “failed to reasonably supervise” its employees involved in the sale of Agency CMO Bonds. ...

Why did BMO pay $40 million?

The U.S. Securities and Exchange Commission says BMO has agreed to pay more than $40 million US to settle charges related to the bank's alleged supervision failure in bond selling. (Matt Howard/CBC) ...

How much did BMO pay a settlement?

The settlement requires BMO to pay $19.4 million in disgorgement, $2.2 million in prejudgment interest, and a $19 million civil penalty. The SEC has established a fair fund to distribute these amounts to investors harmed by the firm’s practices. ...

Why did BMO pay a $40 million penalty?

The SEC alleged that the bank provided misleading metrics and collateral descriptions to customers, allowing them to misrepresent the bonds’ risk and structure. To settle the charges, BMO agreed to pay over $40 million in disgorgement, interest, and civil penalties, with the funds being allocated to compensate harmed investors. ...

Why did Bank of Montreal pay $40.7 million?

A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees who misled investors about the attractiveness of mortgage-backed bonds the bank was selling. ...