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The Latest on the SEC’s settlement with Traderhood

3:52 PM ET Mon, 10 Dec 2018 16:52:22 The SEC announced Monday that it had settled with Traderhill, a brokerage firm that has been accused of misleading investors about the risks of trading on margin.

The settlement was announced in a press release by the SEC and said that Traderhill “failed to take appropriate steps to ensure the accurate, timely and accurate information that it provided its clients and the general public.”

Traderhill is also facing legal action for violating the Securities Exchange Act of 1934, which prohibits the brokerage firm from trading on behalf of other entities.

The SEC said that in October 2018, the SEC contacted Traderhill and the firm’s chief executive, John Kapp, to inquire about whether it was providing information about its clients’ trading opportunities to the public.

The firm’s initial response to the SEC inquiry said that it was not providing such information to its clients.

Traderhill had been warned in 2016 that it may be in violation of the SEC regulations, according to a Securities and Exchange Commission (SEC) report released in February 2018.

The regulator’s settlement, which is subject to court approval, is expected to affect more than 100 brokers, traders and trading companies, according the SEC.

The settlement also prohibits Traderhill from trading or offering products or services to investors that are directly or indirectly based on false or misleading information.

Trader Hill will be required to “immediately cease and desist” the conduct of its trade promotion programs and will also pay $500,000 in penalties.

“We are pleased that our actions in the past have resulted in fewer problems for Traderhill clients and traders,” said James Capp, the firm said in a statement.

“Traderhill is committed to serving the public by providing accurate and relevant information, and we will continue to hold Traderhill accountable for its conduct.”

Trader Hill has been under SEC investigation for months.

The SEC has charged it with violating a rule that requires brokers to maintain accurate information about their trading and advisory services.

TraderHill is also accused of making misleading or deceptive statements about its broker-client relationship with hedge funds and other entities in an effort to deceive clients about the potential risks of investing in hedge funds.

In February, the agency announced a settlement with one of the firm ‘s broker-dealers.

Traderhouse settled with the SEC in September 2018 for $1.5 million in fines, and in December it agreed to pay $1 million to the government.

The company has also been hit with multiple lawsuits in the U.S. and abroad over the years.

The firm has also faced criticism for its use of a program called “trading by wire” to attract investment from people who did not have the funds to invest directly.