
A Macquarie Group investment adviser has agreed to pay $79.8 million to settle charges in connection with overvaluing about 4,900 collateralized mortgage obligations held in advisory accounts, according to the SEC. The charges also include executing cross trades that favored certain clients over others. Separately, the CFTC has ordered the Canadian Imperial Bank of Commerce (CIBC) to pay $30 million for recordkeeping and supervision failures related to the firm-wide use of unapproved communication methods.
CIBC settles with U.S. regulators over record-keeping violations https://t.co/tLRSGsQUIj
SEC Issues $88 Million Fine Against 12 Firms for Recordkeeping Failures https://t.co/IQfnT9MVuC
CFTC orders Canadian Imperial Bank of Commerce to pay $30 million -statement https://t.co/70jvVMQ1fp https://t.co/QVuhIWM6zv


