ANOTHER Credit Suisse FINE – DEC  2025 CS is hit with $7.1M Fine for Transaction Monitoring Failures

IT HAS BEEN REPORTED

• The Financial Industry Regulatory Authority (FINRA) has fined Credit Suisse $7,125,000 and issued a formal censure after uncovering significant deficiencies in its trade surveillance systems.

Key Points:

• The bank failed to monitor hundreds of millions of trades over eight years properly.
• This oversight created a blind spot for detecting illegal market activities, including insider trading.
• FINRA stated that Credit Suisse did not uphold the rigorous compliance standards expected of a global broker-dealer.

REPORTED

• Credit Suisse Securities (USA) LLC has agreed to a fine as part of a settlement with the Financial Industry Regulatory Authority (FINRA).
• From August 2012 through September 2020, Credit Suisse failed to establish and maintain a supervisory system and procedures reasonably designed to achieve compliance with federal securities laws and FINRA rules prohibiting various forms of manipulative and insider trading.
• The firm’s supervisory failures caused hundreds of millions of trade, order, and position records to be omitted from the firm’s surveillance systems. During this period, the firm did not detect numerous instances of potentially violative trading, including potential insider trading and manipulative activity occurring at or near the close of trading.
• As a result, the firm violated NASD Rules 3010(a) and (b), and FINRA Rules 3110(a) and (b) and 2010.
• For these violations, the firm was censured and fined $7,125,000, of which $445,312.50 must be paid to FINRA.

Impact:

• This enforcement action underscores the critical importance of robust transaction monitoring and surveillance controls to prevent market abuse and maintain regulatory compliance.

Sources covering the FINRA enforcement action against Credit Suisse:

• FX News Group: “FINRA fines Credit Suisse Securities (USA) for alleged rule violations” – Details that from August 2012 through September 2020, Credit Suisse failed to maintain adequate surveillance over hundreds of millions of trades, preventing detection of potential insider trading or manipulative activity. The firm was fined US $7,125,000 and formally censured.Link: FX News Group article [fxnewsgroup.com]
• Compliance Chief 360: Confirms the firm’s surveillance deficiencies, acknowledging lapses in monitoring that violated NASD Rules 3010 and FINRA Rules 3110/2010. [fxnewsgroup.com]
• https://fincrimecentral.com/credit-suisse-transaction-monitoring-fine/