Track Data Securities Corporation (CRD #103802, Brooklyn, New Jersey) received a censure and fine of $10,000. The firm was also required, within 30 days, to revise its written supervisory procedures concerning the OATS rule. According to the findings, the firm failed to submit to OATS required information on 126 business days. The regulators also found that firm's supervisory system did not provide for supervision adequately designed to achieve compliance with applicable securities laws, regulations, and NASD rules concerning OATS. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS030084)
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