The Financial Industry Regulatory Authority (FINRA) has slapped a fine of $175,000 on BGC Financial, along with a censure order, for the rules’ https://www.financemagnates.com/forex/finra-slaps-100k-penalty-on-dealerweb-for-trace-violations/” target=”_blank” rel=”follow noopener”>violations around Trade Reporting and Compliance Engine (TRACE) reporting. The company agreed to pay the monetary penalty but did not accept or deny any charges.
FINRA Fines BGC Financials $175,000
The charges of the self-regulatory agency came for the lapses in the BGC’s reporting capabilities between 8 January 2020 and 20 October 2020…
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