5 October 2018
An AWC was issued in which the firm was censured and
fined $50,000. Without admitting or denying the findings, the firm consented
to the sanctions and to the entry of findings that it failed to report to the Trade
Reporting and Compliance Engine® (TRACE®) transactions in TRACE-Eligible
Agency Debt Securities and in TRACE-Eligible Securitized Products within the
time permitted under FINRA Rule 6730(a).