SEC fines OTC Link over $1M for not reporting suspicious activities
Share link:In this post: OTC Link got slapped with a $1.19 million fine by the SEC for not filing any Suspicious Activity Reports (SARs) over three years. The company’s failure to report suspicious transactions happened despite running three major trading platforms dealing with risky securities. The SEC is forcing OTC Link to hire a compliance consultant to fix their anti-money laundering policies and make sure this doesn’t happen again.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Investor sues Pump.fun for losses on ‘highly-volatile’ memecoins, alleging securities violations
Pump.fun is facing a proposed class action lawsuit that alleges it offered highly speculative and unregistered securities in the name of memecoins.
Ethereum wallets support Danny Ryan for foundation leadership
Apollo launches tokenised private credit fund worth $1.2B
Tether integrates $140B USDT stablecoin into Bitcoin