In SEC v. Hansen, et al., 726 F. Supp. 74 (S.D.N.Y. 1989), a bank was found to have violated Regulation U by knowingly participating in an illegal free-riding scheme.
Sources
- FRB: Supervisory Letter SR 93-13 (FIS) on violations of ... (federalreserve.gov)
- https://www.courtlistener.com/opinion/1740460/securities-exchange-commission-v-hansen/ (courtlistener.com)
- https://law.justia.com/cases/federal/district-courts/FSupp/726/74/1740460/ (law.justia.com)
- https://www.federalregister.gov/documents/2000/06/07/00-14246/the-toronto-dominion-bank-et-al-temporary-and-notice-of-application (federalregister.gov)
- https://www.sec.gov/Archives/edgar/data/947263/000094726323000009/2023tdbankform7r.pdf (sec.gov)