FINRA Fines BGC Financial $175K for TRACE Reporting Errors
FINRA (Financial Industry Regulatory Authority) has slapped a fine of $175,000 on BGC Financial, along with a censure order, for the rules’ 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. The charges of the self-regulatory agency came for …
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