TIDMIAP
RNS Number : 3279B
ICAP PLC
23 October 2009
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ICAP plc announcement
On 22 October, 2009, the New York Regional Office Staff of the U.S. Securities
and Exchange Commission (SEC) provided ICAP Securities USA LLC (ICAP), a
subsidiary of ICAP plc, with a "Wells" notice stating that the Staff intends to
recommend that the Commission bring enforcement actions for possible violations
of the federal securities laws. The notice relates to an existing SEC
investigation into the market in certain fixed income securities which has been
ongoing since 2005. The Wells notice is not a formal allegation nor a finding of
wrongdoing. The company has discussed these matters with the SEC, has
substantial disagreements with the SEC regarding how they should properly be
viewed, and will vigorously put forth its position if and when any such charges
are brought. Further statements will be made as appropriate.
This information is provided by RNS
The company news service from the London Stock Exchange
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