Bank Leumi to pay US$1.6 million over ‘unregistered’ cross-border business

Bank Leumi to pay US$1.6 million over 'unregistered' cross-border business

WASHINGTON: Bank Leumi will pay US$1.6 million and admit to wrongdoing to settle civil charges that it provided investment advice and solicited investments from U.S. customers for more than a decade without registering with federal regulators, U.S. authorities said on Tuesday.The Securities and Exchange Commission said the Israeli bank maintained “several hundred securities…

Be the first to comment on "Bank Leumi to pay US$1.6 million over ‘unregistered’ cross-border business"

Leave a comment

Your email address will not be published.

*