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.
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