Credit Suisse Securities (USA) LLC fined $6.5 million by FINRA

The heart of FINRA’s December 23, 2019 allegations are that Credit Suisse Securities (USA) LLC (CSS) “did not implement reasonably designed surveillances and supervisory procedures to monitor for certain kinds of potentially manipulative activity by its Direct Market Access (DMA) clients.” Apparently, during the relevant timeframe (July of 2010 through July 2014) the allowed trading […]