The Securities and Exchange Commission fined TMC Bonds LLC $2.1 million to settle charges that it allegedly failed to protect confidential subscriber information.
The regulator found that between January 2016 and June 2018, TMC Bonds publicly touted its anonymous trading platform but disclosed the identities of certain companies seeking to trade corporate bonds to potential counterparties over 2,500 times during a 2.5-year period.
TMC Bonds consented to the order's entry without admitting or denying the SEC's findings.
