Donald & Co. Securities Inc. (CRD #7776, Tinton Falls, New Jersey) received a censure and fine of $15,000. According to the findings, the firm failed to properly include on Automated Confirmation Transaction ServiceSM (ACTSM) reports that the firm was acting in an agency capacity and failed to promptly execute customer limit orders. Additionally, the findings stated that the firm reported proprietary and customer short sale transactions through ACT without a short sale modifier, and long sale transactions were reported as short. The firm accepted the fine and censure but did not admit or deny the accusations.
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