简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
FINRA Slaps $100k Penalty on Dealerweb for TRACE Violations
Abstract：The penalty is for inaccurate TRACE transaction reports and deficient supervisory system. Dealerweb paid $37,500 to FINRA for various TRACE violations between 2013 and 2017.
The Financial Industry Regulatory Authority (FINRA) has slammed a $100,000 fine on Dealerweb Inc., operator of an electronic interdealer platform for mortgage-backed securities.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.The self-regulatory organization said Dealerweb inaccurately reported approximately 180,000 transactions in TRACE-eligible securities to its Trade Reporting and Compliance Engine (TRACE) between July 2016 and December 2020.
FINRA, which supervises brokerage firms in the United States, added that Dealerweb reported these transactions without including the No Remuneration (NR)' indicator when in fact they were qualified for the tag.
The electronic marketplace operators supervisory system was also not reasonably designed between July 2016 and March 2022 to report TRACE-compliant securities transactions, the watchdog said.
FINRA disclosed these in an Acceptance, Waiver, and Consent (AWC) agreement signed by Dealerweb on October 3 and accepted by the market supervisor on October 17.
More Details
According to FINRA, Dealerweb operated an alternative trading system (ATS) and a voice interdealer trading desk between July 2016 and December 2020.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
CySEC Launches Redesigned Website Packed with New Features
CySEC unveils a redesigned website with advanced search tools, centralized resources, and a news section, enhancing accessibility, transparency, and user experience.
Webull Canada Expands Options Trading to TFSAs and RRSPs
Webull Canada launches options trading for TFSAs and RRSPs, offering Canadian investors tax-free growth and retirement savings optimization opportunities.
WikiFX Review: Is IQ Option trustworthy?
IQ Option is catching our eye as it seems to be a trending topic. For those who want to know whether IQ Option is a reliable broker, WikiFX made this article to help you better understand this broker.
Pros and Cons of Choosing Unregulated Forex Brokers
Discover the pros and cons of unregulated forex brokers, explore risks, benefits, and key features, and learn how to evaluate their credibility with the WikiFX app.
WikiFX Broker
Latest News
ASIC Sues HSBC Australia Over $23M Scam Failures
WikiFXTrader Turns $27 Into $52M With PEPE Coin, Breaking Records
WikiFXSingaporean Arrested in Thailand for 22.4 Million Baht Crypto Scam
WikiFXElderly Trader Loses RM2.1M in WhatsApp Forex Scam
WikiFXSpotware Unveils cTrader Store, Global Marketplace for Algo Creators
WikiFXGigamax Scam: Tracking Key Suspects in RM7 Million Crypto Fraud
WikiFXWikiFX Review: Is IQ Option trustworthy?
WikiFX5 Questions to Ask Yourself Before Taking a Trade
WikiFXFCA Seeks Input to Shape UK Crypto Market Regulations
WikiFXUnderstanding the Impact of Interest Rate Changes on Forex Markets
WikiFXCurrency Calculator
