Securites Fraud Attorneys SHEPHERD, SMITH & EDWARDS, LLP
stock fraud online consultations
Skip to main content
about Our Stock Attorneys contact stock lawyers securities arbitration questions Securities fraud news Broker Misconduct Resources and links about investment protection en Espanol
Free Consultation

or call
1-800-259-9010


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.

Did Domestic Securities, Inc. manage your investments?

 

 

If you would like one of our specialists to provide a free consultation, please let us know how to reach you:

 Your Name

 Your Phone

 Your Question / Situation