Bloomberg Settles SEC Charges of Misleading Pricing Disclosures
Firm pays $5 million fine related to its BVAL service’s fixed-income pricing.
The company’s subsidiary, Bloomberg Tradebook, allegedly transferred low-commission client orders to unaffiliated broker dealers.
New York regulator said the firm illegally entered into 14 risk transfer deals.
Firm allegedly made more than 220 million errors over nearly a decade.