SEC fines Cantor Fitzgerald over repeated failure to identify large traders

SEC fines Cantor Fitzgerald over repeated failure to identify large traders
FILE PHOTO: People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C.

(Reuters) – The U.S. Securities and Exchange Commission has fined Cantor Fitzgerald $1.4 million over the company’s repeated failure to identify and report customers as large traders.

Cantor Fitzgerald did not admit or deny wrongdoing in agreeing to the civil fine, which the SEC announced on Friday.

(Reporting by Jonathan Stempel in New York)

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