KGS-Alpha Capital Markets, L.P. nka BMO Capital Markets Corp. Fined by FINRA
An AWC was issued in which the firm was censured and fined $30,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that due to a misunderstanding as to how to determine the time of execution and manual errors by its employees, it failed to report to the Trade Reporting and Compliance Engine (TRACE®) the correct time of execution for transactions in TRACEeligible securitized products.
