BMO Capital markets settles with SEC over bond desk supervision
ReutersJan 13, 2025 2:08 PM
Jan 13 (Reuters) - BMO Capital Markets BMO.TO agreed to pay more than $40 million to settle U.S. Securities and Exchange Commission charges it failed to properly supervise employees who sold mortgage-backed bonds, the regulator said on Monday.
The payment includes disgorgement, prejudgment interest and a civil penalty, the SEC said. BMO did not admit or deny wrongdoing in agreeing to settle.
(Reporting by Jonathan Stempel in New York)
((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net))
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