Citistreet Equities LLC (CRD #7447, East Brunswick, New Jersey) received a censure and fine of $12,500. According to the NASD, the firm failed to submit filings required to be reported under NASD Conduct Rule 3070 with the NASD in a timely manner. Apparently, the regulators also found that the firm failed to establish, maintain, and enforce procedures, including written supervisory procedures, reasonably designed to ensure compliance with NASD Conduct Rule 3070. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C9B020012)
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