Jefferies Execution Services, Inc. Fined by FINRA
An AWC was issued in which the firm was censured and fined $215,000, of which $18,800 is payable to FINRA and the remaining will be paid to other various self-regulatory organizations. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it did not establish, maintain and enforce a supervisory system or WSPs reasonably designed to monitor for potential layering or spoofing by its direct market access clients.
