Credit Suisse settles SEC matter for $196M

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

The SEC had accused Credit Suisse (CS -0.3%) of violating the law by providing cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC.

The full amount is covered by a boost to litigation reserves taken in Q4.

SEC Form 6-K