Stonecrest Capital Markets, Inc. fka Redwine & Company, Inc. Fined by FINRA
26 March 2019
An AWC was issued in which the firm was censured and fined $15,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to report transactions in Trade Reporting and Compliance Engine® (TRACE®)-eligible fixed income securities. The findings stated that the firm failed to accurately record the terms and conditions of customer orders on its books and records. The firm failed to mark order tickets for securities transactions as either solicited or unsolicited. Instead, the section of the order ticket where that information was supposed to be noted was marked N/A.
