An AWC was issued in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it submitted ROEs to OATS that contained inaccurate, incomplete, or improperly formatted data. The findings stated that the firm submitted reports to OATS that contained order received timestamps that did not match the receipt time on the firm’s order tickets; submitted OATS reports containing inaccurate order received timestamps for after-market orders; and submitted OATS reports containing improperly recorded buy/sell codes. The findings also stated that the firm submitted order tickets that contained inaccurate, incomplete, or improperly formatted data. The findings also included that the firm’s supervisory system did not provide for supervision reasonably designed to achieve compliance with respect to the applicable securities laws and regulations, and FINRA rules, concerning OATS reporting. (FINRA Case #2015047864601)
