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CIBC World Markets Corp.

CIBC World Markets Corp. (CRD #630, New York, New York) received a censure and fine of $12,000. According to the findings, the firm, while using a market participant identifier (MPID) for clearing transactions in Canadian securities for U.S. broker-dealers, failed, within 90 seconds after execution, to transmit through the Automated Confirmation Transaction ServiceSM (ACTSM) last sale reports of transactions in OTC Equity securities. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS040081)

Did CIBC World Markets Corp. manage your investments?

 

 

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