SEC v. Canaccord Genuity LLC (suspicious activity reporting, 2026)

Settled

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In March 2026, the SEC settled charges against broker-dealer Canaccord Genuity LLC, ordering a US$20 million penalty for failing to file suspicious activity reports on potentially suspicious trading, including red flags such as marking the close, pump and dump and wash sales.

The record

What was ordered

Civil penalty

$20m

Disgorgement

—

Prejudgment interest

—

Total relief

$20m

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on March 6, 2026 as release 34-104935. The respondents named are Canaccord Genuity LLC (0 individuals, 1 entity).

The order finds that Canaccord's AML exception reports, which listed red flags such as marking the close and open, pump and dump, excessive cancels and wash sales, left out large parts of its trading until at least late 2021, so reports were not filed as required. The red flags are the firm's own monitoring categories, not conduct charged against Canaccord.

This library applies no technique tag to the matter. The violation is an anti-money-laundering reporting failure, not manipulative trading by the respondent.

A $20 million civil money penalty, a censure, and cease-and-desist relief.

Canaccord consented to the order without admitting or denying the findings.

Timeline

1. 2026-03-06 Administrative proceeding instituted (cease-and-desist)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.