Credit Suisse agreed to pay $196 million to settle charges that it violated federal securities laws by providing cross-border brokerage and investment advisory services to US clients without registering with the Securities and Exchange Commission.

Zurich-based Credit Suisse provided the securities services to US clients between 2002 and 2013, the SEC said. The financial services firm collected fees of $82 million and accrued as many as 8,500 client accounts that contained an average total of $5.6 billion in securities assets.