McDonald Partners LLC Fined by FINRA
22 March 2019
An AWC was issued in which the firm was censured and fined $22,500. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to report certain municipal securities transactions to the Municipal Securities Rulemaking Board’s (MSRB) real-time transaction reporting system. The findings stated that the firm failed to report both the purchases into its riskless principal account and the sales to its investment adviser clients of certain riskless principal transactions.
