SEC v. SpeedRoute LLC (suspicious activity reporting, 2025)

Settled

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In January 2025, the SEC settled charges against SpeedRoute LLC, ordering a US$600,000 penalty for failing to file suspicious activity reports on red flags in broker-dealer client orders, among them spoofing, layering and prearranged trading.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	34-102157
Date filed	2025-01-10
Date resolved	2025-01-10
Status	settled
Venue	OTC
Criminal parallel	No
Defendants	SpeedRoute LLC (entity)
Techniques

What was ordered

Civil penalty: $600k
Disgorgement: —
Prejudgment interest: —
Total relief: $600k
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 January 10, 2025 as release 34-102157. The respondents named are SpeedRoute LLC (0 individuals, 1 entity).

The order finds that SpeedRoute's AML policies named spoofing, layering and wash trading as concerns and told staff to surveil client orders for them, but the firm repeatedly ignored the red flags and did not file reports. SpeedRoute is not charged with executing manipulative trades.

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 $600,000 civil money penalty, a censure, and cease-and-desist relief.

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

Timeline

2025-01-10 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.