This content is restricted.
Brief
The Securities and Exchange Commission ("Commission") instituted public administrative and cease-and-desist proceedings against SpeedRoute LLC for violating Section 17(a) of the Securities Exchange Act and Rule 17a-8 thereunder. The Commission found that SpeedRoute failed to file Suspicious Activity Reports (SARs) from at least January 1, 2020 through December 31, 2023, relating to suspicious transactions conducted through its agency routing business. The main purpose of the Order is to impose remedial sanctions and a cease-and-desist order on SpeedRoute LLC for violating Section 17(a) of the Securities Exchange Act and Rule 17a-8 thereunder. This action impacts registered broker-dealers that specialize in routing U.S. equities orders, emphasizing the importance of complying with the Bank Secrecy Act (BSA) and its implementing regulations, including filing SARs relating to suspicious transactions.
Highlights content goes here...
This content is restricted.
RADA.AI
Hello! I'm RADA.AI - Regulatory Analysis and Decision Assistance. Your Intelligent guide for compliance and decision-making. How can i assist you today?
Suggested
