Credit Suisse Securities and two affiliated firms have agreed to pay more than $10 million to settle US Securities and Exchange Commission charges they provided prohibited services to mutual funds, the regulator said on Wednesday.
A New Jersey court barred Credit Suisse firms from engaging in certain activities in 2022 as part of a settlement in a case involving alleged violations of state laws.
Despite the ban, the firms continued to provide services through June 2023, the SEC said.
Without admitting or denying the SEC’s findings, Credit Suisse agreed to pay civil penalties of $3.3 million and more than $6.7 million in disgorgement and interest.