
The Financial Industry Regulatory Authority fined Cantor Fitzgerald & Co. $6 Million and ordered disgorgement of nearly $1.3 million in commissions, plus interest, for selling billions of unregistered microcap shares in violation of federal law. Cantor Fitzgerald & Co. Was also sanctioned for failing to have adequate supervisory or anti-money laundering (AML) programs tailored to detect red flags or suspicious activity connected to its microcap activity. For more info visit https://www.finra.org/media-center/news-releases/2015/finra-sanctions-cantor-fitzgerald-73-million-selling-billions