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BMO Capital Markets in $40.6m settlement with SEC over bond sale supervision

Image of traders working the floor of the New York Stock Exchange.
Photo: David Dee Delgado/Getty Images

Julie DiMauro

1 min read
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SEC says BMO failed to properly supervise employees who sold certain bonds, but notes it has remediated lexicons, policies and training in this area.

The SEC announced that BMO Capital Markets has agreed to pay more than $40m to settle charges brought by the securities regulator for failing to supervise employees involved in the sale of mortgage-backed securities.

In a settlement agreement unveiled Monday, the securities watchdog alleged that between December 2020 and May

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