Interdealer broker firm ICAP Securities USA LLC has been ordered to pay one of its former brokers $643,500 plus interest to a former broker who sought more than $75 million in damages from the firm.

The decision came from a Financial Industry Regulatory Authority, or FINRA, panel on June 22.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access