SEC Charges Clearing Firm with Failing to Comply With Anti-Money Laundering Laws
The Securities and Exchange Commission (SEC) charged Alpine Securities Corporation, a Salt Lake City-based clearing firm, with securities law violations related to its anti-money laundering program through its alleged practice of clearing transactions for microcap stocks that were used in manipulative schemes to harm investors. Based on the allegations contained in the SEC Complaint, Alpine … Continue reading SEC Charges Clearing Firm with Failing to Comply With Anti-Money Laundering Laws