World Equity Group, Inc. Fined by FINRA
An AWC was issued in which the firm was censured and fined $18,500. 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 corporate debt securities within the time required. The findings stated that the firm’s late reporting resulted from delays caused by firm employees and untimely amendments or corrections made to TRACE reports previously submitted by the firm or its clearing firm.
