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Worldco, L.L.C.

Worldco, L.L.C. (CRD #24673, New York, New York) received a censure and fine of $15,000. According to the findings, the firm reported proprietary and customer short-sale transactions through ACT without a short-sale modifier, and long-sale transactions were incorrectly reported as short. Additionally, the firm executed proprietary short-sale transactions in NASDAQ National Market Securities (NMS) at the current inside bid, when the current inside bid was below the preceding inside bid in the security. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C05020049)

Did Worldco, L.L.C. manage your investments?



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