Market Access Control Failures
By: Chris Montagnino, Director of Regulatory Affairs A US broker-dealer (the “Firm”) recently paid a fine of $75,000 and agreed to an undertaking in order to resolve a matter involving violations of the SEC’s Market Access Rule, 15c3-5. The Firm was noted to have had inadequate controls to address particular requirements of 15c3-5 concerning erroneous […]
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