Cantor Fitzgerald & Co. (CRD #134, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to report the correct contra-party’s identifier for transactions in Trade Reporting and Compliance EngineTM (TRACETM)-eligible securities to TRACE. The findings stated that the firm failed, within 90 seconds after execution, to transmit last sale reports of transactions in OTC equity securities to the OTC Reporting Facility (OTCRF), and the firm failed to designate some of these last sale reports as late. (FINRA Case #2008016384101)
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
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Tags: broker fraud, Cantor Fitzgerald & Co., Cantor Fitzgerald fine, Cantor Fitzgerald losses, FINRA, FINRA fine, FINRA investigation, investment fraud, investor protection, OTC equity securities, OTC Reporting Facility, OTCRF, securities, Securities Attorney, Securities Lawyer, TRACE, TRACETM, Trading Reporting and Compliance Engine TM Last modified: July 17, 2015