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In the Matter of Louis Capital Markets, LP Admin. Proc. File No. 3-17890

Oct. 14, 2022

On March 29, 2017, the Commission instituted and simultaneously settled administrative and cease-and-desist proceedings (“Order”) against Louis Capital Markets, LP (“Respondent”). In the Order, the Commission found that, from at least 2008 through October 2012, the Respondent violated federal securities laws by providing false prices to their customers, and secretly charging them markups or markdowns, in addition to the small commissions Respondent was charging them. The Commission ordered the Respondent to pay a $2,500,000.00 in disgorgement. The Commission ordered that such disgorgement be held pending a decision whether the Commission, in its discretion, will seek to distribute the funds, or transfer the funds to the U.S. Treasury.  See the Commission’s order: Release No. 34-80332

The Respondent has paid as ordered.

For more information, please contact the Commission:

Office of Distributions

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