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Domestic Securities, Inc.

Domestic Securities, Inc. (CRD #34721, Montvale, New Jersey) received a censure and fine of $22,500. The firm was also required to revise its written supervisory procedures concerning the Order Audit Trail SystemSM (OATSSM) rule within 30 business days. According to the findings, the firm transmitted to OATS execution reports that contained inaccurate, incomplete, or improperly formatted data that failed to match to an Automated Confirmation Transaction ServiceSM (ACTSM) trade report, or contained inaccurate timestamps. Additionally, the findings also stated that the firm failed to timely report to OATS Reportable Order Events (ROE) and re-submitted repaired ROEs that were previously rejected without making these ROEs with the Rejected ROE Resubmit Flag, "Y." The firm accepted the fine and censure but did not admit or deny the accusations.

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