Cantor Fitzgerald to Pay SEC $3.2 Million for Inaccurate Data

Cantor Fitzgerald & Co. agreed to pay a $3.2 million SEC fine Monday to resolve allegations it submitted inaccurate and incomplete securities trading information to the agency.

The broker-dealer and investment adviser turned in nearly 15,000 electronic blue sheets, containing deficient trade data for almost 35 million securities transactions, from 2014 through 2019, according to the Securities and Exchange Commission settlement.

Cantor submitted incorrect name and address fields for 99% of the deficient transactions, the settlement said. The company also noted incorrect contra party identifier codes for 87% of the transactions and incorrect registered representative numbers for 86%. An “undetected ...