TradeZero settles SEC charges it misled customers about meme stock trading halts -Breaking
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© Reuters. FILE PHOTO: Signage is seen on the headquarters of the U.S. Securities and Trade Fee (SEC) in Washington, D.C., U.S., Might 12, 2021. REUTERS/Andrew Kelly(Reuters) – The U.S. Securities and Trade Fee on Tuesday stated TradeZero America Inc and co-founder Daniel Pipitone settled fees they falsely instructed clients that the broker-dealer didn’t limit clients’ purchases of so-called meme shares, when in reality they did.
TradeZero and Pipitone agreed to retain an unbiased compliance marketing consultant and pay respective penalties of $100,000 and $25,000, with out admitting or denying the fees, the SEC stated.
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