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Firm Settles NYSE National Charges for Failing to Give Notice of Withdrawal as Market Maker

In a Letter of Acceptance, Waiver, and Consent, an equities trading firm settled NYSE National charges for failing to (i) provide notice of its withdrawal as a market maker for certain securities, and (ii) identify NYSE National as an exchange from which it intended to deregister, in violation of NYSE National Rule 7.20(e) ("Registration of Market Makers").

To settle the charges, the firm agreed to (i) a censure and (ii) a $7,500 fine.

Primary Sources

  1. NYSE National AWC: Citadel Securities LLC

Tags

Regulated Activities
Registration Process
Regulated Entities
Broker-Dealers
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
NYSE National