By Ben Glickman The Industrial and Commercial Bank of China and its New York branch will pay $32.4 million in fines to the Federal Reserve Board and New York.
The SEC says the firm asked retail clients who received a credit or settlement to sign agreements prohibiting reporting potential wrongdoing to regulators
New York state’s financial watchdog said the brokerage firm currently in the process of winding down had gaps in its anti-money-laundering and cybersecurity programs