BNY Mellon settles FX case with SEC

US bank agrees to pay $30 million over alleged client overcharging for FX trading services

dollars-perspective
Case charges: the payment is part of a $714m lawsuit settled in March last year

Best execution in foreign exchange markets is set to come under even more scrutiny, following the Bank of New York Mellon's agreement to pay $30 million to the US Securities and Exchange Commission (SEC) to settle civil charges related to the overcharging of clients for trading services.

The payment is part of a $714 million settlement settled in March 2015 with the US Department of Justice (DoJ), the New York Attorney General (NYAG), the US Department of Labor, the SEC and private customer

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: