BNY Mellon paid $6.6 million over regulatory capital books-and-records and internal-control failures

Summary

The SEC imposed a $6.6 million civil monetary penalty on Bank of New York Mellon Corporation over books-and-records and internal accounting control deficiencies associated with the calculation and reporting of risk-based regulatory capital ratios. SEC regulatory records state that staff alleged violations of federal securities-law books-and-records and internal-control requirements in connection with regulatory capital ratios presented in annual and quarterly reports. Source: https://www.sec.gov/Archives/edgar/data/1285911/000128591120000006/xslFTA1X01/primary_doc.xml