OTC Link pays US$1.19m to SEC for monitoring and reporting failures

OTC Link LLC, a broker-dealer registered with the US Securities and Exchange Commission (SEC), which services other broker-dealers trading in Over-the-Counter (OTC) securities, has agreed to a cease and desist order and US$1.19 million civil penalty for breaches of the Bank Secrecy Act.

OTC Link LLC, a broker-dealer registered with the US Securities and Exchange Commission (SEC), which services other broker-dealers trading in Over-the-Counter (OTC) securities, has agreed to a cease and desist order and US$1.19 million civil penalty for breaches of the Bank Secrecy Act (BSA).