BMO, SEC

BMO Capital markets settles with SEC over bond desk supervision
BMO Capital Markets 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.
BMO Capital Markets to pay $40M in SEC settlement
Canadian bank's capital markets arm reportedly failed to detect representatives' misleading disclosures involving $3 billion of mortgage-backed "sliver bonds" sold over a multi-year period.
SEC charges BMO US$40 million for selling 'misleading' mortgage-backed bonds
A regulator in the United States has charged a unit of the Bank of Montreal (BMO) more than US$40 million for selling mortgage-backed bonds that it says offered misleading metrics and did not accurately describe the characteristics of the collateral backing the bonds.
BMO unit to pay $40.7 million in US SEC settlement over misleading bond sales
A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees who misled investors about the attractiveness of mortgage-backed bonds the bank was selling.
BMO Unit To Pay $40M in SEC settlement
BMO Capital Markets has agreed to a $40 million settlement with the U.S. Securities and Exchange Commission (SEC) over allegations that the broker-dealer failed to properly supervise employees who provided misleading information about mortgage-backed securities sold between 2020 and 2023,
Broker-dealer BMO Capital Markets to pay $41M to settle trade supervision lapses
A broker-dealer subsidiary of Toronto-based BMO Financial Group will pay nearly $41 million in penalties to the Securities and Exchange Commission to settle allegations that its traders issued misleading disclosures on bonds for three years,
BMO agrees to pay US$40 million to settle SEC charges on supervision failure
The U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank's alleged supervision failure in bond selling.
thedeepdive6h
US SEC Uncovers $3 Billion Bond Scandal In BMO, Issues $40M Fine
The charges stem from BMO’s sale of $3 billion worth of Agency CMO Bonds between December 2020 and May 2023. The SEC ...
wealthprofessional.ca1d
Big six bank agrees to multimillion dollar settlement
The SEC announced Monday that BMO Capital was penalized for inadequate oversight of staff involved in selling mortgage-backed ...