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Securities and Exchange Commission v. Mattessich et al

  1. February 16, 2022

    Ex-Cantor Broker Found Liable In SEC Split-Commission Case

    A federal jury in Manhattan found Wednesday that former Cantor Fitzgerald broker Adam Mattessich violated the law when he informally split commissions with other brokers at the Wall Street firm.

  2. February 15, 2022

    Jury Mulls Liability For Ex-Broker Who Split Commissions

    A Manhattan federal jury considered Tuesday whether to find a former senior Cantor Fitzgerald broker liable on the U.S. Securities and Exchange Commission's claim that he broke the law by informally splitting commissions with other brokers at the Wall Street firm.

  3. February 11, 2022

    Ex-Cantor Broker On Trial By SEC Sidesteps Talk Of 9/11

    A former Cantor Fitzgerald broker accused of violating securities laws by informally splitting commission payments tiptoed around 9/11 Friday, after a Manhattan federal judge forbade testimony about the terrorist attack that devastated the Wall Street firm over 20 years ago.

  4. February 09, 2022

    Ex-Cantor Broker Tells Jury He Had OK To Split Commissions

    A former Cantor Fitzgerald senior broker accused of violating securities laws by informally splitting commissions with junior brokers had tacit permission from the Wall Street company's CEO to do just that, his counsel argued to a Manhattan jury Wednesday.

  5. March 02, 2021

    SEC Denied Early Win In Ex-Cantor Rep's Fee-Splitting Case

    A Manhattan federal judge declined to grant the U.S. Securities and Exchange Commission summary judgment in its suit against a former Cantor Fitzgerald & Co. broker, saying there remained disputed questions about the commission-splitting arrangement at the heart of the case.

  6. June 22, 2020

    Ex-Cantor Broker Tells SEC His Split Pay Pact Was Approved

    A former Cantor Fitzgerald stockbroker said claims by the U.S. Securities and Exchange Commission that he violated securities laws by secretly splitting commissions with another broker are bunk, because his bosses blessed the agreement.

  7. May 01, 2020

    SEC Calls Summary Judgment For Broker 'A Matter Of Law'

    The U.S. Securities and Exchange Commission on Friday renewed its contention that a Manhattan federal judge should render summary judgment in a case accusing a former Cantor Fitzgerald & Co. stockbroker of secretly splitting commissions with another broker for more than a decade.

  8. September 09, 2019

    Ex-Cantor Traders Must Face SEC Commission-Splitting Suit

    A pair of stockbrokers will have to face U.S. Securities and Exchange Commission allegations that they secretly split commissions for more than a decade while they worked for financial services firm Cantor Fitzgerald & Co., a New York federal judge said Monday.

  9. October 23, 2018

    SEC Fights Cantor Traders' Bid To Ax Profit-Splitting Suit

    The U.S. Securities and Exchange Commission on Monday asked a New York federal court to keep alive its suit accusing two ex-Cantor Fitzgerald & Co. traders of commission-sharing that contributed to inaccurate record-keeping, saying their dismissal bid misinterprets the law and misrepresents their knowledge of the wrongdoing.

  10. June 29, 2018

    Cantor Fitzgerald Fined, Traders Sued Over Profit-Splitting

    The U.S. Securities and Exchange Commission nabbed a $1.25 million settlement with Cantor Fitzgerald & Co. and sued two of its former brokers on Friday over an alleged commission-sharing scheme, telling a New York federal court the pair dodged regulatory requirements for more than 10 years.

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