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ICE Data Pricing to pay $8 million for compliance failures

( December 9, 2020, 15:53 GMT | Official Statement) -- MLex Summary: ICE Data Pricing & Reference Data, a global securities pricing service, has agreed to pay $8 million to settle US Securities and Exchange Commission claims over compliance deficiencies. According to the SEC, from 2015 to September 2020, ICE Data PRD delivered to its clients prices based on single broker quotes while failing to adopt and implement policies and procedures reasonably designed to address the risk that these prices would not reasonably reflect the value of the securities.Statement follows in full. Also see document below. ...

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