Terra Nova Trading, LLC (CRD #37761, Chicago, Illinois) received a censure and fine of $12,500, and required to revise its written supervisory procedures with respect to compliance with OATS reporting. According to the findings, the firm failed to transmit to OATS in a timely manner any order data for its orders for equity securities traded on The Nasdaq Stock Market, and transmitted reports to OATS containing inaccurate data as to the limit order display indicator and the routing method code with respect to orders for equity securities traded on The Nasdaq Stock Market. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS020029)
Did Terra Nova Trading, LLC manage your investments?
SHEPHERD, SMITH & EDWARDS, LLP
Offices and Associates:
New York, Chicago, San Francisco, Dallas,
Houston, New Orleans, Phoenix,
and Mexico City.
Main Office: 1010 Lamar, Suite 900, Houston,
Tel. (713) 227-2400 - Fax. (713) 227-7215