signage is seen at the headquarters of the us securities and exchange commission sec in washington dc us may 12 2021 reutersandrew kelly may 24 reuters  the us securities and exchange commission on tuesday said tradezero america inc and cofounder daniel pipitone settled charges they falsely told customers that the brokerdealer did not restrict customers purchases of socalled meme stocks when in fact they did tradezero and pipitone agreed to retain an independent compliance consultant and pay respective penalties of 100000 and 25000 without admitting or denying the charges the sec said reporting by jonathan stempel in new york