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

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

Inaccurate

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