Credit Suisse Is Fined $9 Million in US Over Research Conflicts, Customer Safeguards

Credit Suisse Is Fined $9 Million in US Over Research Conflicts, Customer Safeguards
The logo of Swiss banking giant Credit Suisse is seen in Zurich, on Oct. 17, 2017. Fabrice Coffrini/AFP via Getty Images
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A U.S. regulator on Thursday fined a unit of Credit Suisse Group AG $9 million for violating multiple laws and rules protecting investors, including ones involving potential conflicts of interest and the safeguarding of customer funds.

The Financial Industry Regulatory Authority said the Swiss bank published more than 20,000 research reports between 2006 and 2017 that contained inaccurate disclosures about potential conflicts.