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Firm Settles FINRA Charges for Failure to Report Municipal Security Transactions to RTRS

A securities firm agreed to settle FINRA charges for failure to (i) accurately report municipal security transactions to the Real-Time Transaction Reporting System ("RTRS") and (ii) maintain a sufficient written supervisory procedure.

To settle the charges, Revere Securities LLC ("RS") agreed to a censure and to pay $25,000. In addition, RS submitted a corrective action statement.

Primary Sources

  1. FINRA Letter of Acceptance
  2. Waiver and Consent: Revere Securities LLC

Tags

Regulated Products
Municipal Securities
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA