Icap PLC is known as the U.S. subsidiary of the London inter-dealer broker. By paying $25 million in penalties, the company has settled the fraud charges brought by the U.S. Securities and Exchange Commission.
Icap matches Buyers and Sellers for securities
The SEC said that in the over-the-counter markets Icap Securities USA matches buyers and sellers for securities like U.S. Treasury bonds and mortgage-backed securities via customer trading screens.
